Whose Plan Destroys Medicare — Obama’s or Romney-Ryan’s?
Stumping in Florida today, Mitt Romney charged President Obama’s Affordable Care Act will “cut more than $700 billion” out of Medicare.
What Romney didn’t say was that his running-mate’s budget — approved by House Republicans and by Romney himself — would cut Medicare by the same amount.
The big difference, though, is the Affordable Care Act achieves these savings by reducing Medicare payments to drug companies, hospitals, and other providers rather than cutting payments to Medicare beneficiaries.
The Romney-Ryan plan, by contrast, achieves its savings by turning Medicare into a voucher whose value doesn’t keep up with expected increases in healthcare costs — thereby shifting the burden onto Medicare beneficiaries, who will have to pay an average of $6,500 a year more for their Medicare insurance, according the original analysis of the Republican plan by the non-partisan Congressional Budget Office.
Moreover, the Affordable Care Act uses its Medicare savings to help children and lower-income Americans afford health care, and to help seniors pay for prescription drugs by filling the so-called “donut hole” in Medicare Part D coverage.
The Romney-Ryan plan uses the savings to finance even bigger tax cuts for the very wealthy.
Spread the word. Don’t allow the GOP to get away with this demagoguery.
502 Notes/ Hide
- terrancedreynoldsq likes this
- nextinoffice likes this
- sadorfdreaming reblogged this from robertreich
- ghostline reblogged this from sirmitchell
- januaryschild reblogged this from forever-the-optimist
- januaryschild likes this
- thatlawnguylandgirl likes this
- grownin2wishin reblogged this from damnguido
- hesgotholdofmyhand reblogged this from forever-the-optimist
- forever-the-optimist reblogged this from fuckingmultiverse
- fuckingmultiverse reblogged this from damnguido
- fuckingmultiverse likes this
- damnguido reblogged this from robertreich
- bryceckrispies reblogged this from robertreich
- rosebud83 likes this
- ithrowthingswhenidrink reblogged this from robertreich
- kashmirnotcashmere reblogged this from robertreich
- nisatchowdhury reblogged this from robertreich
- aiadipaolo likes this
- enigmatic-chica reblogged this from blu3rsx
- enigmatic-chica likes this
- mculbertson likes this
- thebriansden likes this
- intosilicia likes this
- chonus likes this
- faithandsexandgod reblogged this from jaded-waltz
- sexwithtimaree reblogged this from sirmitchell
- thejokesonyou likes this
- tinycyndaquil reblogged this from bloodyrainbows
- masonwestra likes this
- darkimus likes this
- darkimus reblogged this from sirmitchell
- ashlynnbast reblogged this from sirmitchell
- dustinroberts likes this
- peachtulle likes this
- braveheartwhogirl reblogged this from robertreich
- braveheartwhogirl likes this
- jarviscoxdavis likes this
- impot reblogged this from robertreich
- rizveevee reblogged this from earf and added:
- rizveevee likes this
- pod313 reblogged this from robertreich
- newyorketc reblogged this from sirmitchell
- lesbeau-madhatter likes this
- theeversobeautifulchaos likes this
- eyesdriftskyward reblogged this from truth-has-a-liberal-bias
- texarshead likes this
- some-bitch-named-deltrese reblogged this from bloodyrainbows
- bloodyrainbows reblogged this from robertreich
- torukun1 reblogged this from samlafitte