Sen. Bob Corker is making the rounds to promote his "dollar for dollar" entitlement reform bill. Corker proposes to raise the debt ceiling by $1 trillion in exchange for $1 trillion in cuts to Social Security, Medicare and Medicaid. (Actually, it's $937 billion, but who's counting?)
His plan for Medicare is to replace Medicare Part A, Part B and Part C Medicare Advantage programs with a voluntary "Total Health" private insurance policy. Medicare Part A and B would remain an option, and the Total Health plan would be "voluntary" except it appears that seniors who do not choose between standard Medicare and "Total Health" during the benefit enrollment period would be automatically assigned to a regional private insurance plan.
Corker's plan would also increase the eligibility age and impose means testing to adjust premiums* according to income, with higher income enrollees paying as much as twice the standard premium.
Regarding Medicaid, Corker's proposal would allow states to opt out of Medicaid altogether.
(*Part B and D already have similar provisions.)
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