By Sam Baker - 03/19/12 01:30 PM EDT
Budget Committee Chairman Paul Ryan (R-Wis.) has proposed converting the Medicare program into subsidies for private insurance, perhaps with an option to choose between private coverage and the existing program. Ryan and many of his fellow conservatives say some type of “premium support” model is necessary to solve Medicare’s looming financial crisis.
“Republicans in Washington have a new budget that chooses millionaires over Medicare. One independent analysis found that the plan would ‘shift substantial costs to beneficiaries’ and ‘lead to the demise of traditional Medicare,’ ” the DCCC says in its latest round of automated calls. ”House Republicans … demand seniors who earned their Medicare benefits spend thousands more, but refuse to end tax loopholes and giveaways for millionaires. It’s just not fair, and it’s not right.”