GOP Vouchers and Privatizing Medicare

Wisconsin Republican Paul Ryan is introducing the GOP budget proposal on Tuesday. The proposal will attempt to overhaul Medicare and cut Medicaid. Ryan is known for his views of wanting to privatize Medicare and replace it with a voucher system that would require recipients to purchase coverage through a private medical plan. Paul Krugman’s view on this.

Privatizing and voucherizing Medicare does nothing whatsoever to control costs. We’ve seen that from the sorry history of Medicare Advantage. I’m sure that the Republicans will claim savings — but those savings will come entirely from limiting the vouchers to below the rate of rise in health care costs; in effect, they will come from denying medical care to those who can’t afford to top up their premiums.

Vouchers are a way to maximizing government funding of the healthcare industry. The view of writers at ThinkersJam.

It’s the GOP’s way of saying, “Here you go Cigna. Uncle Sam just can’t afford you anymore, but we’ll make sure you get every penny available.” Of course, the countervailing message to America’s elderly is akin to “Thanks for your contribution. You’re on your own now. We hope you won’t become ill, but if you do, may you die quickly.” But, oh well, that’s life; resources are limited and somebody has to make a sacrifice.

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