Tue Apr 05, 2011 at 10:07:40 PM EDT
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| Yes, the Republican plan to abolish Medicare, cut Medicaid, and slash everything but the military ends up increasing the amount of debt at the end of ten years. That's the conclusion of the non-partisan Congressional Budget Office. (They give the money away in tax cuts.)
Ah, but after all, Medicare wouldn't be destroyed until later. After the first ten years of the Republican plan, health care costs for seniors will more than double:
For a typical 65-year-old with average health spending enrolled in a plan with benefits similar to those currently provided by Medicare, the CBO estimated the beneficiary's spending on premiums and out-of-pocket expenditures as a share of a benchmark: what total health-care spending would be if a private insurer covered the beneficiary. By 2030, the beneficiary's spending would be 68 percent of that benchmark under the proposal, 25 percent under the extended-baseline scenario, and 30 percent under the alternative fiscal scenario.
The CBO also found that the Medicaid plan would devastate state budgets while leading to less coverage.
We'll find out if we have a Democratic Party who calls this plan "courageous" or who resolves to fight. |
| Hopeful :: CBO: Republican budget would increase deficit |
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