From Igor Volsky - ThinkProgress
republished
by Paddy Ryan
The
Romney/Ryan proposal to transform Medicare’s guaranteed benefit
into a “premium support” structure for future retirees could
increase
costs by almost $60,000
for
seniors reaching the age of 65 in 2023,
a new report from the Center for American Progress finds. Current
seniors would also have to pay more for preventive, hospital, and
physician services should
Romney and Ryan repeal the Affordable Care Act, facing an increase in
health spending of between $7,900 and $18,600 over the course of
their retirement.
Current
seniors will pay more.
The premium support structure does not kick in until 2023, so current
seniors will remain in the existing Medicare program. But should
Romney/Ryan repeal the Affordable Care Act’s savings, beneficiaries
will face higher cost sharing and premiums
(particularly for preventive services) and seniors
who have received prescription drug discounts, will now pay more for
their medications.
What’s more, Romney/Ryan would lower Medicaid spending
significantly beginning next year, shifting federal spending to
states and beneficiaries, and increasing costs for the 9 million
Medicare recipients who are dependent on Medicaid.
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