Guy N
Well-Known Member
More food for thought in the Medicare reform arena. Medicare saves money compared to seniors providing their own insurance. The below linked article gives some good points of comparison of the cost of Medicare compared to the cost of private health care coverage.
One thing that it points out that is while Medicare spending per beneficiary rose 400% from 1969-2009, private health insurance premiums rose 700% in the same period. Now that is an eye opener.
Yes, Medicare costs have increased, but not as much as private insurance costs. So how does the Ryan plan to give Seniors a voucher to purchase private insurance help Seniors when private insurance costs have increased almost twice as much as Medicare costs? It doesn't in my opinion.
Read Article
One thing that it points out that is while Medicare spending per beneficiary rose 400% from 1969-2009, private health insurance premiums rose 700% in the same period. Now that is an eye opener.
Yes, Medicare costs have increased, but not as much as private insurance costs. So how does the Ryan plan to give Seniors a voucher to purchase private insurance help Seniors when private insurance costs have increased almost twice as much as Medicare costs? It doesn't in my opinion.
Read Article