Wednesday, April 20, 2011

Why Exempt Seniors Over 55?

Cut on hand with only half a band-aide to cover it.In their new budget plan, Republics plan to basically end Medicare, but not for people 55 or older. They say their rationale is that people 55 and older have made plans based on the current system and it wouldn't be fair to take Medicare away from them now.

I suspect their are a lot of people under age 55 who have also been counting on Medicare. Parents putting kids through college may be counting on catching a break on health care costs once they turn 65. Call me cynical, but I think this exemption for older people is probably an attempt to buy them off. If seniors aren't affected, maybe they won't be quite as mad about the proposal.

If privatizing Medicare will lower medical costs and reduce the deficit, why not start it today? We can protect seniors already enrolled in Medicare by giving them vouchers to pay for the full cost of private health insurance. Seniors wouldn't be hurt economically and the country would benefit.

Implementing vouchers for seniors health care now would also give us a chance to see if the idea really works. Come to think of it, has anyone asked insurance companies to develop the kind of insurance policies that the Republics say will be available for seniors under their plan? I'd like to see what they cost and what is covered.

1 comment:

Bill said...

4 months from retirement and I am not sure I want Medicare to disappear, not knowing what would replace it or the cost of replacing it. Medicare and supplimental(s) are way expensive anyway, I can't imagine it getting any cheaper.