Ms. magazine  -- more than a magazine a movement

SIGN UP FOR MS. DIGEST, JOBS, NEWS AND ALERTS

FEMINIST WIRE NEWSBRIEFS

ABOUT
SEE CURRENT ISSUE
SHOP MS. STORE
MS. IN THE CLASSROOM
FEMINIST DAILY WIRE
FEMINIST RESOURCES
PRESS
JOBS AT MS.
READ BACK ISSUES
CONTACT
RSS (XML)
 
feminist wire | daily newsbriefs

October-16-12

New Study: Romney/Ryan Medicare Reform Would Raise Costs for Seniors

A new study conducted by the Kaiser Family Foundation finds that nearly six in ten seniors would likely pay higher premiums for their Medicare benefits under a "premium-support" system. In a premium-support system, seniors would receive a voucher from the government to buy an insurance plan on the market. They would theoretically be able to choose between competing private plans and traditional Medicare.

The study suggests that seniors who remain in the traditional Medicare system will pay more, with an annual increase of about $720, while those who opt for a private plan will be unable to cover the cost of the benefits they currently receive under Medicare with their voucher. This could force 25 million Americans to pay more under a premium-support plan for their current benefits. Analysts warn that private insurance companies competing for the healthiest (and least costly) patients will leave the sick seniors in the traditional Medicare system, straining it and ultimately collapsing the public program.

Earlier this year, the AARP made their stance on the issue of a premium-support system clear when they released a statement saying that it "simply risks increasing costs for beneficiaries while removing Medicare's promise of secure health coverage -- a guarantee that future seniors have contributed to through a lifetime of hard work."

The model used by the foundation was "generally based on an approach included in House Budget Chairman Paul Ryan's fiscal year 2013 budget plan, the proposal Chairman Ryan co-sponsored with Senator Ron Wyden of Oregon." Republican Presidential Candidate Mitt Romney "has supported a premium-support system along these lines," and has selected House Budget Chairman Paul Ryan as his running mate in the 2012 Presidential election.

In a CNN Op-Ed posted today, House Democratic Leader Nancy Pelosi called the Romney/Ryan plan a "blueprint for the eventual destruction of Medicare as we know it." She went on to say, "voters, be aware this year: Medicare is on the ballot, and its future is in jeopardy. Democrats created Medicare and will always fight to strengthen it for our seniors and for their families."

Media Resources: Kaiser Family Foundation 10/15/2012; ThinkProgress 10/15/2012; CNN 10/16/2012; AARP 4/27/2012


© Feminist Majority Foundation, publisher of Ms. magazine

If you liked this story, consider making a tax-deductible donation to support Ms. magazine.

 

 

Send to a Friend
Their
Your
Comments
(optional)


More Feminist News

4/22/2014 US Ranks 16th in 2014 Social Progress Index - The Social Progress Imperative recently released its 2014 Social Progress Index, ranking the United States in 16th place among 132 countries. Harvard Business School Professor Michael Porter, a Republican who led the report team, told CNN's Fareed Zakaria that he was surprised by the ranking. . . .
 
4/22/2014 Florida Supreme Court Recognizes Anti-Discrimination Protections for Pregnant Workers - The Florida State Supreme Court ruled last week that pregnancy discrimination is a form of sex discrimination under Florida employment law. The 6-1 decision allows Peguy Delva to proceed with her lawsuit against her employer, real estate developer Continental Group. . . .
 
4/21/2014 Arizona Governor Signs Bill Allowing Suprise Inspections of Abortion Clinics - Arizona Governor Jan Brewer signed a bill into law last week allowing state health authorities to conduct surprise inspections of abortion clinics without a warrant. HB 2284 repeals an Arizona law that requires a judge to give approval for inspections of abortion clinics. . . .