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Thread: Ryan to announce plan to keep federally funded Medicare

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    Ryan to announce plan to keep federally funded Medicare

    I haven't seen the actual plan, yet, but credit to Ryan and Wyden for working together to try and come up with a realistic solution to this serious problem. Should be interesting to see how the candidates react.

    House Budget Committee Chairman Paul Ryan, who has been castigated by Democrats and hailed by Republicans for his plan to privatize Medicare, will on Thursday unveil a new approach that would preserve the 46-year-old federal health program.

    Working with Democratic Sen. Ron Wyden (Ore.), the Wisconsin Republican is developing a framework that would keep government-run Medicare as an option for new retirees starting in 2022, along with a variety of private plans.

    Seniors would still receive a set amount of money from the government to buy insurance, as they would under the Medicare proposal Ryan included in the budget blueprint that passed the House last year. But the new approach would let that subsidy, known as premium support, rise or fall along with the actual cost of the policies — creating more protection for seniors and saving potentially far less in the budget.


    Ryan to announce plan to keep federally funded Medicare - The Washington Post

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by AdamT View Post
    I haven't seen the actual plan, yet, but credit to Ryan and Wyden for working together to try and come up with a realistic solution to this serious problem. Should be interesting to see how the candidates react.



    Ryan to announce plan to keep federally funded Medicare - The Washington Post
    While I understand that seniors need some aid with medical costs, I don't see why the nation spends so much more on those consuming the most resources while providing the least in terms of production/return on investment.

    It's not really in the best interest of a countries future, to spend more on the elderly, than on children and young families.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by Harry Guerrilla View Post
    While I understand that seniors need some aid with medical costs, I don't see why the nation spends so much more on those consuming the most resources while providing the least in terms of production/return on investment.

    It's not really in the best interest of a countries future, to spend more on the elderly, than on children and young families.
    Yes, we ought to invest in economies of scale and law of large numbers and go straight to UHC so that we can minimize costs and risk while providing for the nation! Finally we agree, HG!
    Ted Cruz is the dumbest person alive.

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by whysoserious View Post
    Yes, we ought to invest in economies of scale and law of large numbers and go straight to UHC so that we can minimize costs and risk while providing for the nation! Finally we agree, HG!
    Err not really.
    If we were to go the full utilitarian route, you wouldn't put any money towards senior medical care, while providing the most money to the medical needs of the young.

    I'm referring to input and output.
    With spending on seniors, you have to put a lot in and you get very little back.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by Harry Guerrilla View Post
    Err not really.
    If we were to go the full utilitarian route, you wouldn't put any money towards senior medical care, while providing the most money to the medical needs of the young.

    I'm referring to input and output.
    With spending on seniors, you have to put a lot in and you get very little back.
    You might have a different perspective if you were 75.

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by AdamT View Post
    You might have a different perspective if you were 75.
    Of course.
    The person benefiting from a program will usually always be in favor on continuing to benefit from it.
    That doesn't make it economically sound though.

    In terms of resources, like money and general wealth, the elderly are wealthier than the people who pay the taxes to support them.
    It's actually one of the most regressive social/tax systems we have.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by Harry Guerrilla View Post
    Of course.
    The person benefiting from a program will usually always be in favor on continuing to benefit from it.
    That doesn't make it economically sound though.

    In terms of resources, like money and general wealth, the elderly are wealthier than the people who pay the taxes to support them.
    It's actually one of the most regressive social/tax systems we have.
    The elderly are among the poorest in terms of income.

    http://1.bp.blogspot.com/_5aAsxFJOeM...-age-group.JPG

    The other thing is that, if you know you're going to have health care coverage, it dramatically lowers the amount you need to save for retirement when you're younger.

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by AdamT View Post
    The elderly are among the poorest in terms of income.

    comparison-1995-2005-total-income-by-age-group.JPG (image)

    The other thing is that, if you know you're going to have health care coverage, it dramatically lowers the amount you need to save for retirement when you're younger.
    Income /= access to total resources.

    The elderly are better off than advertised - The Washington Post

    With the later statement, you're kinda advocating for less fiscally conservative Americans by removing a core requirement to save.
    Aka, it seems to me that you're advocating mass consumerism.
    Last edited by Harry Guerrilla; 12-14-11 at 08:08 PM.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by Harry Guerrilla View Post
    Err not really.
    If we were to go the full utilitarian route, you wouldn't put any money towards senior medical care, while providing the most money to the medical needs of the young.

    I'm referring to input and output.
    With spending on seniors, you have to put a lot in and you get very little back.
    Oh you dont want me to get medicare when Im 65 which is next year....your an OLDAPHOBE Harry hands down...your trying to take my right to healthcare away from me...you hate old people...your a hater

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    Re: Ryan to announce plan to keep federally funded Medicare

    Quote Originally Posted by lpast View Post
    Oh you dont want me to get medicare when Im 65 which is next year....your an OLDAPHOBE Harry hands down...your trying to take my right to healthcare away from me...you hate old people...your a hater
    Wow you didn't even read what I wrote, in both the first post and in the second.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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