Whose Plan Destroys Medicare — Obama’s or Romney-Ryan’s?

robertreich:

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.

(via trans-terrific-deactivated20121)

Source: robertreich

502 Notes/ Hide

  1. sadorfdreaming reblogged this from robertreich
  2. ghostline reblogged this from sirmitchell
  3. januaryschild reblogged this from forever-the-optimist
  4. grownin2wishin reblogged this from damnguido
  5. hesgotholdofmyhand reblogged this from forever-the-optimist
  6. forever-the-optimist reblogged this from fuckingmultiverse
  7. fuckingmultiverse reblogged this from damnguido
  8. damnguido reblogged this from robertreich
  9. bryceckrispies reblogged this from robertreich
  10. ithrowthingswhenidrink reblogged this from robertreich
  11. kashmirnotcashmere reblogged this from robertreich
  12. nisatchowdhury reblogged this from robertreich
  13. enigmatic-chica reblogged this from blu3rsx
  14. faithandsexandgod reblogged this from jaded-waltz
  15. sexwithtimaree reblogged this from sirmitchell
  16. tinycyndaquil reblogged this from bloodyrainbows
  17. darkimus reblogged this from sirmitchell
  18. ashlynnbast reblogged this from sirmitchell
  19. braveheartwhogirl reblogged this from robertreich
  20. impot reblogged this from robertreich
  21. rizveevee reblogged this from earf and added:
    us. #RomneyRyan spells doom. : /
  22. pod313 reblogged this from robertreich
  23. newyorketc reblogged this from sirmitchell
  24. eyesdriftskyward reblogged this from truth-has-a-liberal-bias
  25. some-bitch-named-deltrese reblogged this from bloodyrainbows
  26. bloodyrainbows reblogged this from robertreich
  27. torukun1 reblogged this from samlafitte