The Romney/Ryan Medicare voucher program is a fraud. As Bill Clinton might say, the arithmetic doesn't work.
In 2011, Medicare spent $551 billion on health care for 47.6 million enrollees. That works out to about $11,500 per enrollee.
The Romney/Ryan plan would replace that with a $7500 voucher seniors would use to purchase insurance in the "free market."
They seem to think insurance companies, with their higher administrative overhead, can somehow lose $4000 per enrollee and still have money left over for marketing costs, profits and executive bonuses. Perhaps there is a secret magical fairy dust component they haven't told us about?
And how did they come up with the $7500 figure? Maybe they were sitting around at the 19th hole clubhouse brainstorming and had an intern google up the total U.S. health care spending per-capita on their iPhone. $7500 would have been about right several years ago. In 2011, it was more like $8300.
But even if they proposed a more generous voucher in that amount, it would still fall short. Maybe their intern forgot to mention that seniors have higher health care costs than the population as a whole.
They're a couple of grifters running a long con.
- Why doesn't Rep. Eddie Smith want to test school drinking water for lead? (6 replies)
- Trump budget (13 replies)
- Study: Tennessee among the most federally dependent states (1 reply)
- Pour one out for Ruby Tuesday (5 replies)
- SoKno Taco Grand Opening Friday, March 31 (2 replies)
- FBI investigates 'odd' computer link between Russian bank and Trump Organization (3 replies)
- Safety center advancing (1 reply)
- Why does Trump hate Obama? (6 replies)
- Chuck Berry, rock 'n' roll pioneer, dead at 90 (1 reply)
- Repealing Obamacare affects everyone (51 replies)
- Trump's Cabinet (112 replies)
- Rep. Diane Black fishing around for info on Medicaid block grants (3 replies)
- Mar 24 2017 - 9:00am (1 day 8 hours from now)
- Mar 28 2017 - 6:30pm (5 days 17 hours from now)
- Mar 29 2017 - 12:00pm (6 days 11 hours from now)
- Apr 27 2017 - 6:00pm (5 weeks 17 hours from now)