MediScare vs. ObamaCare
The Wall Street Journal lays out the difference between what the Democrats say the Ryan plan will do and what ObamaCare is already set to do if it’s not repealed:
Last August, the Office of the Medicare Actuary predicted that Medicare will be paying doctors less than what Medicaid pays by the end of this decade and, by then, one in seven hospitals will have to leave the Medicare system.
But suppose the law is implemented just as it’s written. In that case, according to the Medicare Trustees, Medicare’s long-term unfunded liability fell by $53 trillion on the day ObamaCare was signed.
But at what cost to the elderly? Consider people reaching the age of 65 this year. Under the new law, the average amount spent on these enrollees over the remainder of their lives will fall by about $36,000 at today’s prices. That sum of money is equivalent to about three years of benefits. For 55-year-olds, the spending decrease is about $62,000—or the equivalent of six years of benefits. For 45-year-olds, the loss is more than $105,000, or nine years of benefits.
In terms of the sheer dollars involved, the law’s reduction in future Medicare payments is the equivalent of raising the eligibility age for Medicare to age 68 for today’s 65-year-olds, to age 71 for 55-year-olds and to age 74 for 45-year-olds. But rather than keep the system as is and raise the age of eligibility, the reform law instead tries to achieve equivalent savings by paying less to the providers of care.
The GOP needs to make this case loudly, strongly, and often. Democrats wanted ObamaCare, it’s time to really hang that lead weight around their necks.