CBO declares Ryan's proposal will dramatically increase deficits

[utgibbs]

Paul Ryan did his best to lay out the long-term story as clearly as possible with his plan to privatize Medicare. The analysis by the non-partisan Congressional Budget Office (CBO) shows that Ryan's plan would hugely increase the cost of health care to seniors. Under the Ryan plan a Medicare equivalent policy is projected to cost almost half of a median 65-year old retiree's income by 2030. It would soon exceed the income of most retirees as health care costs outpace income growth.

However most of the additional burden projected for retirees is not the result of cost shifting from the government. The vast majority of the additional burden that the CBO projected for retirees comes from the higher cost of private insurance compared with the government-run Medicare system. The additional cost as a result of adopting Ryan's privatized system is more than $30 trillion over Medicare's 75-year planning horizon.

The CBO analysis should have led every budget reporter in the country to point out the enormous cost savings that Medicare provides relative to private insurers. They should have been pointing out that the country will face an enormous burden from exploding health care costs if it does not fix its health care system. And, that the Medicare system is an important part of the solution.

This fits the usual suspects story. The choices are between those who prefer the government and those who prefer the market. But as every viewer of Casablanca knows, the real choice is between those who want to redistribute tens of trillions of dollars to insurance and health care industry and those who don't. Preferences for the government or the market have nothing to do with it.

From Dean Baker. Health care is not a market.

 

[gsvol]

 

[Cartervol]

Targeting old people to push a agenda. These guys will stoop to any level possible to sell the country on all this BS. The bad part is some are gullible enough to believe it.

The fact is Ryan's proposal is far better than anything the left has come up with so they put a nice spin on it. Doesn't work for me and shouldn't for most sane Americans.

 

[WillisWG]

Both plans, the President's and Ryan's are far too partisan to get the votes needed to pass. I hope the plan from "Gang of Six" will be non-partisan enough to overcome any impasse. The sound of clock is ticking is getting louder.

 

[utgibbs]

Targeting old people to push a agenda. These guys will stoop to any level possible to sell the country on all this BS. The bad part is some are gullible enough to believe it.

The fact is Ryan's proposal is far better than anything the left has come up with so they put a nice spin on it. Doesn't work for me and shouldn't for most sane Americans.

The CBO is non-partisan.

The Ryan proposal is simply wealth redistribution on a massive scale as the primary source for US budget projection contends.

Health care is not a market. All of the data from the real world demonstrates this.

 

[justingroves]

Health care is not a market. All of the data from the real world demonstrates this.

Ha

 

[volinbham]

Can you provide the link Gibbs?

I perused this (the CBO analysis) and overall deficits are lower with the Ryan plan (considerably) than the current path and the analyzed alternative scenario

http://www.cbo.gov/ftpdocs/121xx/doc12128/04-05-Ryan_Letter.pdf

 

[droski]

The CBO is non-partisan.
.

:lolabove:

 

[golfballs]

Then why do seniors overwhelmingly approve of Paul Ryan's plan?

 

[lumberjack4]

Any budget plan with a deficit is unacceptable at this moment in time.

 

[volinbham]

I'm waiting for the proof that it "dramatically increases deficits". The CBO report I read indicates the opposite but maybe I read it backwards.

 

[utvolpj]

Then why do seniors overwhelmingly approve of Paul Ryan's plan?

senility?

 

[milohimself]

senility?

I think it guaranteed more syndication of matlock and murder she wrote.
Posted via VolNation Mobile

 

[utgibbs]

Then why do seniors overwhelmingly approve of Paul Ryan's plan?

They don't have the facts?

And given how little the CBO findings have been promulgated, probably a good assumption.

 

[utgibbs]

Ha

Health care is not a market (or, if you prefer, a systemic market failure). All the data from the real world proves it:

 

[utgibbs]

Can you provide the link Gibbs?

I perused this (the CBO analysis) and overall deficits are lower with the Ryan plan (considerably) than the current path and the analyzed alternative scenario

http://www.cbo.gov/ftpdocs/121xx/doc12128/04-05-Ryan_Letter.pdf

Go to pp 20 - 23.

This is the real meat of the Ryan proposal, a Welfare-Dad scheme to redistribute wealth from old people.

 

[jdavis675]

Health care is not a market (or, if you prefer, a systemic market failure). All the data from the real world proves it:

You realize that your data coincides with the biggest explosion of government participation in the marketplace under the form of both medicare and medicaid. The market for healthcare has been perverted since the 1960's.

If you want to attribute the rising cost of health care to anything it isn't the failure or lack of a market. Go to the basic fundamentals of price setting which is the law of supply and demand. The AMA states that there is a shortage of 150,000 physicians nationwide and that doesn't include nurses or PA's. This shortage began in the 1980's which was simultaneous with the explosion of medicare and medicaid payments. Both of these phenomena naturally push the cost of basic healthcare higher. Insurance is a symptom of cost, not cost itself.

 

[droski]

Go to pp 20 - 23.

This is the real meat of the Ryan proposal, a Welfare-Dad scheme to redistribute wealth from old people.

and since old people are the richest people in this country so i assume you are in favor of this then?

 

[jdavis675]

http://www.project.org/info.php?recordID=11

Here is a link to show the explosion of both public and private funds on healthcare

 

[jdavis675]

Project America: Health Care

Here is a link to show the explosion of both public and private funds on healthcare

 

[volinbham]

They don't have the facts?

And given how little the CBO findings have been promulgated, probably a good assumption.

or how they've been misrepresented?

still waiting to see where the CBO says the Ryan proposal dramatically deficits.

 

[volinbham]

Go to pp 20 - 23.

This is the real meat of the Ryan proposal, a Welfare-Dad scheme to redistribute wealth from old people.

Look at the title of this thread and then show me how the Ryan plan dramatically increases the deficit.

 

[utgibbs]

Then why do seniors overwhelmingly approve of Paul Ryan's plan?

Actually, there has been a lot of water under the bridge since that Gallup Poll to which you refer:

House Republicans Under Attack on Medicare Overhaul - NYTimes.com

After 10 days of trying to sell constituents on their plan to overhaul Medicare, House Republicans in multiple districts appear to be increasingly on the defensive, facing worried and angry questions from voters and a barrage of new attacks from Democrats and their allies.

 

[utgibbs]

Look at the title of this thread and then show me how the Ryan plan dramatically increases the deficit.

It increases the deficit of our old people dramatically!

The Ryan Budget, as I said from the beginning, is simply wealth redistibution writ large. He is taking money out of granny and granddaddy's pockets in order to line the Welfare-Dads (and deeply inefficient) of private insurers.

 

[utgibbs]

or how they've been misrepresented?

still waiting to see where the CBO says the Ryan proposal dramatically deficits.

Actually, it appears they have already discovered what it means as the NYT article portends. When AARP starts mobilizing, the Republican political suicide will be complete.