$806 Billion: The Real Cost of the GOP Failed Medicare Privatization Experiment
Medicare Part D (the Medicare prescription Drug Program), is the second Republican attempt at privatizing Medicare. Medicare Advantage was the first and this Program cost the American taxpayer 14% more than original Medicare.
Over the next 10 years, Medicare Part D will cost the American taxpayer a whopping $806 billion. (in contrast, Medicare Part A cost the American taxpayer nothing).
It was passed in 2003, by a Republican Congress. Representative Paul Ryan (the author of the current GOP privatization plan for Medicare) was one of its champions.
Before we look at how well or how poorly the program is working, let’s first look at why Republicans want to privatize Medicare. Extreme right wing Republicans do not believe there is any place for government in the role of its citizens, other than defense. They also believe that a “free market” place will keep costs down both for seniors and for the government. That is their ideological basis for “privatization.”
http://www.seniorinfo4u.com/blog/featured-blog-posts/860-billion-the-real-cost-of-the-gop-failed-
medicare-privatization-experiment/
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End of article is a good graph....
= new reply since forum marked as read
Last edited Sun Jul 1, 2012, 07:32 PM - Edit history (1)
