The Republican’s Fuzzy Line for Medicare Privatization

In their Medicare reform proposals, Republicans used to say that:

our budget ensures no changes for those 55 years old or older

That, for example, is a feature of the Ryan plan. But if you are 55, or will be soon, Michele Bachmann would like to move you to the other side of the line:

…this is about people who are 55 and under. I don’t want a 78-year-old woman to think that Medicare is going to be pulled out from under her, because it won’t. It’s the 55 and under plan. And so the reforms in Medicare will affect people 55 and under…

Hopefully, the Republican voucher plan won’t get past the proposal stage. But just to be clear, what are Republicans proposing, 55 and over, or 55 and under?

About Mark Thoma 243 Articles

Affiliation: University of Oregon

Mark Thoma is a member of the Economics Department at the University of Oregon. He joined the UO faculty in 1987 and served as head of the Economics Department for five years. His research examines the effects that changes in monetary policy have on inflation, output, unemployment, interest rates and other macroeconomic variables with a focus on asymmetries in the response of these variables to policy changes, and on changes in the relationship between policy and the economy over time. He has also conducted research in other areas such as the relationship between the political party in power, and macroeconomic outcomes and using macroeconomic tools to predict transportation flows. He received his doctorate from Washington State University.

Visit: Economist's View

Be the first to comment

Leave a Reply

Your email address will not be published.