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If Americans who are embracing Rep. Paul Ryan's "Path to Prosperity" -- and that now includes Mitt Romney -- spent a few minutes reviewing a few recent research reports, they just might conclude that the Wisconsin Republican's plan to reduce the deficit might better be renamed the "Path to the Poorhouse" because of what it would mean to the Medicare program and many senior citizens.
While the amount of money beneficiaries would receive would depend on their health status, the average 65-year-old would get $8,000 under the Ryan plan in 2022, the year it would take effect. That's the amount the current Medicare program is expected to spend on the average 65-year-old that year. After 2022, the annual increase in the "premium support" payments would be based on the consumer price index (CPI). And therein lies one of the biggest problems for anyone hoping to live long enough to enroll in Medicare and stay alive for a few years.
Last month the government reported that the consumer price index had increased 1.7 percent between June 2011 and June 2012, meaning we've been paying on average 1.7 percent more this year than last year for goods and services. The cost of medical care, however, shot up 4.3 percent -- more than two and a half times the CPI. And that was not an aberration. The cost of medical care has been rising faster than the cost of just about everything else in this country for years.
That's one of the reasons why private health insurance premiums have been increasing so rapidly. That and the fact that insurance corporations have to report a big enough profit every quarter to satisfy their shareholders and Wall Street analysts.
Originally posted by RELDDIR
I'm tired of the relentless increases of minimum wage, which pushes everyone into the next tax bracket, so the Government will remain solvent and pay it's bills and leave the AMERICAN DREAM behind. Sooner or later our young and NAIVE voters will wake up and realize this.
Originally posted by RELDDIR
RYAN-ROMNEY 2012!
Originally posted by QUANTUMGR4V17Y
reply to post by RELDDIR
When was the last time minimum wage was bumped up?
Been $7.40 here for quite a while.
ETA:
Gas is 4.09 / gal. also.edit on 15-8-2012 by QUANTUMGR4V17Y because: gas price
Originally posted by charles1952
A very small couple of points. The first source is The Huffington Post If you think FOX is extreme, then you can apply the same label to the Post. The second source is not to an insurance company, but to the Kaiser Family Foundation. Again there is some question about their objectivity.
My understanding of the Medicare plan proposed is that it has no effect on people now aged 55 or older. For those younger, they can choose between staying on the program or going the voucher route.
I might disagree with the plan, but it's not as drastic as one might think.
Originally posted by charles1952
The second source is not to an insurance company, but to the Kaiser Family Foundation.
Originally posted by Vbmatt16
reply to post by Djayed
Umm facts please? Obamacare IS socialism. Period. Ryan supports capitalism. Period. Look at the 80's under Raegan(similar to Ryan's plan). We had economic prosperity under Raegan. And guess what!? People paid more taxes during that time because more people had jobs! Including the rich! So please tell me, what's so great about obamacare and his plans for the economy?
Not only does the latest Ryan plan increase the likelihood that future seniors will find themselves facing health care costs they can’t hope to afford (although Ryan’s ‘splitting the baby’ between his original proposal and the Wyden-Ryan plan puts the elderly is a slightly better position), it also greatly increases the deficit the nation would face in 2040 under the complete Ryan budget. While the deficit number has not yet been projected, it would be something more than the $14 trillion projected in the first Ryan budget proposal and something less than the $50 trillion Miller estimates could have been the result of the adopting the Wyden-Ryan plan.
Indeed, Mr. Miller, a one-time senior advisor at the White House Office of Management and Budget, has estimated that the Wyden-Ryan plan would have ballooned the deficit from the $14 trillion the Ryan budget envisioned by the time we get to a balanced budge in 2035-2040, to something closer to $50 trillion. If you are surprised that the Ryan budget proposes a $14 trillion debt —even were his plan of getting us to a balanced budget at some point between 2035 and 2040 to succeed—you shouldn’t be.
Originally posted by Vbmatt16
reply to post by Djayed
Ignorance is abound today it seems. Just like all other dems, avoid answering any questions and try to pull liberal opinions and push them as facts. And Ryan's plan has been viewed under the microscope by both sides. It's pretty simple really, cut taxes across the board, which boosts jobs, cut handouts, which will boost jobs, restructure(not abolish) Medicare, so it will lower the defecit...if you need more, look at hannity.com. He outlines the Ryan plan quite well. Facts, not liberal opinions, please
Oh and I just clicked your "source" and lol'd. Headline was "some guy, a leftist view on Ryan's plan..."edit on 16-8-2012 by Vbmatt16 because: Prevent 2nd 1 liner post
Originally posted by Vbmatt16
reply to post by Djayed
That's fine and dandy but I suggested you go to hannitys site only to refresh yourself on the facts of Ryan's plan. At the very least see a level headed view of his plan. You read a liberal view of it so I thought it only fair that you see a conservative view. ANYWAY...back on track...tell me one good thing about obama's plan..oh wait, he doesn't have one.
Originally posted by Vbmatt16
reply to post by Djayed
And why should I have to pay extra for you to quit smoking? Because you made a poor choice by smoking and contracted lung cancer, I(average joe tax payer) now have to pay more every month in to the "community pot," which is healthcare, for you to get coverage for a choice you made, all while i wait in line for weeks just to get antibiotics for a cold.
So if you like socialist healthcare so much, why don't you move to Canada and give 40-50% of your income to the government?