![]() Ryan’s proposal also would scrap the health care law’s Medicaid expansion and repeal a voluntary long-term care insurance program as well as cancel an advisory board created in the law to recommend changes to Medicare spending. The overall cost of the plan would be much cheaper and they would pay a lesser share of that less costly plan,” said Edwin Park of the left-leaning Center on Budget and Policy Priorities. “What CBO is saying is beneficiaries would pay much less under traditional Medicare for two reasons. At the same time, enrollees would also pay a higher percentage of the overall cost of their coverage. Those plans would cost considerably more than traditional Medicare, the CBO says, partly because private plans pay hospitals, doctors and other providers more and have higher administrative costs. Medicare enrollees would be given a set amount from the government to purchase private plans. Video: Ryan, Van Hollen Duel On Medicare Spending In Proposed GOP Budget.Health On The Hill: What It Means, What’s Next.Resources & Proposals For Curbing Medicare Cost Growth.CBO Outlines ‘Key Features’ Of Ryan Budget Proposal.The changes immediately drew criticism from Democrats and advocates for the elderly and the poor. Many zeroed in on proposed changes to the Medicare program. The Ryan proposal would do away with the traditional Medicare program and shift beneficiaries into private insurance plans in 2022, under a model called “premium support.” States would not be on the hook to set up new insurance marketplaces. Unless something is done, “the red ink is going to destroy our economy.”īesides overhauling Medicare, his 10-year budget proposal also would give states more control over Medicaid, the state-federal program for the poor, but cut the amount states would receive for the program from federal coffers by hundreds of billions of dollars over a decade.Īmericans would not be required to buy health insurance, under the proposal and employers would not have to offer it either. “Washington has been making empty promises to Americans from a government that is going broke,” Ryan said. The proposal comes amid growing concern over the federal budget deficit and is part of an overall GOP effort to reduce federal spending by at least $5 trillion over the coming decade. House Republican Budget Plans: What It Means, What’s Nextīudget Committee Chairman Paul Ryan of Wisconsin unveiled the fiscal 2012 budget at a packed press conference where he was flanked by Republican members of the budget panel. ![]() Ryan, Van Hollen Duel On Medicare Spending In Proposed GOP Budget
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