Tag Archives: Medicare

April 13, 2011 · 9:51 pm

Poll: Budget deal wins support, but Americans wary

Interesting numbers from USA Today/Gallup Poll…

In summary, the “public” is okay with the budget deal from last week, but most don’t want anymore cuts to Domestic spending…

They also want to rescind the Bush Tax Cuts for the Rich…

And no one wants to cut Medicare, Medicaid or Social Security…

I hope President Obama is willing to go to the mat for those programs…

I’m not yet convinced he will…

In the public’s view, so far so good.

By more than 2-to-1, 62%-25%, those polled say they approve of the deal, and few see it as a partisan victory. Three of four say it was a victory either for neither side (56%) or for both sides (20%).

There is less consensus on what to do next, though, and little encouragement for policymakers such as House Budget Chairman Paul Ryan who are urging bold action to control the exploding costs of Medicare.

“Everybody wants to go to heaven, but nobody wants to die,” says Gary Jacobson, a political scientist at the University of California, San Diego. “People want a balanced budget … but they really don’t like the cuts that are involved.”

He questions whether it will be possible for the White House and Congress to strike a grand bargain that calls on both to take some political hits. “I’m not sure there’s enough mutual trust possible in Washington these days for that kind of deal to be made.”

In the poll, those surveyed:

• Are split over whether there should be significant additional cuts in domestic spending: 47% say no, 45% yes. On this issue, there is a yawning divide between the parties. Democrats by 2-to-1 oppose more cuts; Republicans by 2-to-1 support them.

• Overwhelmingly oppose making major changes to Medicare. By 2-to-1, they support minor changes or none at all to control costs, rather than major changes or a complete overhaul. Even a third of Republicans say the government should not try to control the costs of Medicare.

• Favor imposing higher taxes on families with household incomes of $250,000 and above, as Obama has endorsed: 59% support the idea, 37% oppose it.

Still, the divide on the issue could make Republicans less likely to compromise on it. While 78% of Democrats favor higher taxes on top earners, 60% of Republicans oppose it.

via Poll: Budget deal wins support, but Americans wary – USATODAY.com.

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April 11, 2011 · 11:30 pm

Conservative Economists Criticize ‘Off The Deep End’ Republican Budget

This crazy budget proposal from Paul Ryan and the GOP is already in serious trouble.  It both cuts Medicare and Taxes for the Rich while increasing Defense spending.  That’s just crazy….

Now some of the old line Conservatives are coming out in agreement that it’s not a serious, much less “courageous” proposal….

I’m hoping this is another example of smoke and mirrors where the smoke is starting to clear, the mirror’s are breaking and Toto has pulled back the curtain to reveal the Koch Brothers and their fellow wealthy friends, who now own the GOP, are the wizards behind the curtain….

From TalkingPointsMemo.com:

“It doesn’t address in any serious or courageous way the issue of the near and medium-term deficit,” David Stockman told me in a Thursday phone interview. “I think the biggest problem is revenues. It is simply unrealistic to say that raising revenue isn’t part of the solution. It’s a measure of how far off the deep end Republicans have gone with this religious catechism about taxes.”

Stockman, who directed Ronald Reagan’s Office of Management and Budget, approves of Ryan’s entitlement proposals, but breaks faith over taxes and the GOP’s unwillingness to slash defense spending. And he laughs off the notion that the plan will do anything about unemployment, let alone dramatically reduce it, which Ryan and his plan claim it will. “This isn’t 1980. It’s not morning again in America. it’s late afternoon, or possibly even sunset.”

On this score, Doug Holtz-Eakin — a former McCain and George W. Bush economic adviser — told Huffington Post Ryan’s plan is “implausibly optimistic.”

The libertarian economist Tyler Cowen wrote up a point-by-point critique of the plan. His principle objections are that the plan doesn’t do anything to control health care costs, and cutting Medicaid is neither good policy, nor urgent. Indeed, he notes, “Medicaid should be one of the last parts of the health care budget to cut.” Emphasis in the original.

via Conservative Economists Criticize ‘Off The Deep End’ Republican Budget | TPMDC.

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April 8, 2011 · 4:31 pm

GOP Budget Proposal: Ludicrous and Cruel

Excellent analysis of Paul Ryan’s GOP Budget proposal by Nobel Prize winning economist Paul Krugman in today’s New York Times:

And then there’s the much-ballyhooed proposal to abolish Medicare and replace it with vouchers that can be used to buy private health insurance.

The point here is that privatizing Medicare does nothing, in itself, to limit health-care costs. In fact, it almost surely raises them by adding a layer of middlemen. Yet the House plan assumes that we can cut health-care spending as a percentage of G.D.P. despite an aging population and rising health care costs.

The only way that can happen is if those vouchers are worth much less than the cost of health insurance. In fact, the Congressional Budget Office estimates that by 2030 the value of a voucher would cover only a third of the cost of a private insurance policy equivalent to Medicare as we know it. So the plan would deprive many and probably most seniors of adequate health care.

And that neither should nor will happen. Mr. Ryan and his colleagues can write down whatever numbers they like, but seniors vote. And when they find that their health-care vouchers are grossly inadequate, they’ll demand and get bigger vouchers — wiping out the plan’s supposed savings.

In short, this plan isn’t remotely serious; on the contrary, it’s ludicrous.

And it’s also cruel.

In the past, Mr. Ryan has talked a good game about taking care of those in need. But as the Center on Budget and Policy Priorities points out, of the $4 trillion in spending cuts he proposes over the next decade, two-thirds involve cutting programs that mainly serve low-income Americans. And by repealing last year’s health reform, without any replacement, the plan would also deprive an estimated 34 million nonelderly Americans of health insurance.

So the pundits who praised this proposal when it was released were punked. The G.O.P. budget plan isn’t a good-faith effort to put America’s fiscal house in order; it’s voodoo economics, with an extra dose of fantasy, and a large helping of mean-spiritedness.

via Ludicrous and Cruel – NYTimes.com.

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April 6, 2011 · 8:38 am

A Tale of Two Visions: Killing Medicare, Budget Deficits and the Government Shutdown

As usual Robert Reich is dead on in his assessment of the situation in Washington.

Obama is losing the message war to the GOP and Democrats are afraid to stand up for basic Democratic principles- that we are all in this together and are socially obligated to each do their fair share and help each other when age or misfortune falls….

This used to be called Christian Duty- a term which I prefer not to use in a multi-cultural, multi-religious society.  I also hesitate to use this term because Christianity is now viewed as a hard and unforgiving religion by so many thanks to the Religious Right and their role in GOP Politics…

Instead,  I prefer to think of this as Societal or Social Duty.  It is our duty to contribute to the overall good of the nation- not to make this a a dog eat dog world/country  where the motto is “I’ve got mine, screw you.”  That is the GOP vision…

The Democrats need to call this out and fight for the middle class, the elderly, the poor, minority and women’s rights, children and those who work hard but pay more taxes than the idle rich…

Reich calls it out in the Huffington Post:

 

Obama must show America that the basic choice is between two fundamental views of this nation. Either we’re all in this together, or we’re a bunch of individuals who happen to live within these borders and are mainly on their own.

This has been the basic choice all along — when the Founding Fathers wrote the Constitution, in the Civil War, when we went through World War I and World War II and the Great Depression in between, during the Civil Rights movement and beyond.

The president needs to remind us that as members of the same society we have obligations to one another — that the wealthiest among us must pay their fair share of taxes, that any of us who loses our jobs or homes or gets terribly sick can count on the rest of us, and that we have collective obligations to our elderly, our children, and the rest of the planet.

This is why we have government. And anyone who wants to shut it down or cut it down because they say we can’t afford it any longer is plain wrong. We are the richest nation in the world, richer than we’ve ever been. We can afford to remain a society whose members are in it together.

via Robert Reich: Paul Ryan’s Plan, the Coming Shutdown, and What’s Really at Stake.

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April 5, 2011 · 8:54 pm

CBO: GOP Budget Would Increase Debt, Then Stick It To Medicare Patients

These are the facts…

Now let’s see how the Republicans spin them as they try to kill Medicare…

They usually use their specially created data from the Conservative “Think” Tank, The Heritage Foundation that’s about as credible as Fox News…

However, unlike Faux News and The Heritage Foundation, The CBO is non-partisan, generally accurate and widely respected…

The nonpartisan Congressional Budget Office’s initial analysis of the House GOP budget released today by Rep. Paul Ryan (R-WI) is filled with nuggets of bad news for Republicans.

In addition to acknowledging that seniors, disabled and elderly people would be hit with much higher out-of-pocket health care costs, the CBO finds that by the end of the 10-year budget window, public debt will actually be higher than it would be if the GOP just did nothing.

Under the so-called “extended baseline scenario” — a.k.a. projections based on current law — debt held by the public will grow to 67 percent of GDP by 2022. Under the GOP plan, public debt would reach 70 percent of GDP in the same window.

In other words, the spending cuts Republicans would realize in the first 10 years would be outpaced by deficit increasing tax-cuts, which Ryan also proposes. After that, debt projections under the plan improve decade-by-decade relative to current law. That’s because 2022 would mark the beginning of the Medicare privatization plan. That’s when, CBO finds, “most elderly people would pay more for their health care than they would pay under the current Medicare system.”

If the current Medicare system were allowed to continue, CBO found that an average 65-year-old beneficiary’s costs would be only 25 percent of what it’d be in the individual private insurance market. Under the GOP plan, those costs would jump to 68 percent.

In plain English, “the gradually increasing number of Medicare beneficiaries participating in the new premium support program [the GOP’s Medicare privatization plan] would bear a much larger share of their health care costs than they would under the current program.”

via CBO: GOP Budget Would Increase Debt, Then Stick It To Medicare Patients | TPMDC.

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April 4, 2011 · 9:16 pm

Dean Baker: It’s Time for Representative Ryan to Man Up

This guy is going to be all over the news the next few days…

He’s the one crafting the Republican Budget that destroys Medicare…

He’s the new darling of the far Right…

I really think the only thing he may be qualified for is to replace the actor playing Eddie Munster in “The Adams Family”…

Look at him closely….

Great article from Dean Baker at the Huffington Post:

Congressman Paul Ryan is the new darling of both the Republican Party and the major media outlets. He has put forward bold plans for dismantling Medicare, Medicaid and Social Security. Congressman Ryan is prepared to tell tens of millions of workers that they can no longer count on a secure retirement and decent health care in their old age. In Washington policy circles, this passes for courage.

Outside of Washington, people have a different conception of bravery. After all, over the last three decades the policies crafted in Washington have led to the most massive upward redistribution in the history of the world. The richest 1 percent of the population has seen is share of national income increase by close to 10 percentage points. This comes to $1.5 trillion a year, or as Representative Ryan might say, $90 trillion over the next 75 years. That’s almost $300,000 for every man, woman and child in the United States.

This upward redistribution creates the real possibility that many of our children will be poorer than we are. If Representative Ryan and his followers really cared about future generations, then we might expect him to push for policies that reverse some of this upward redistribution.

For example, we could break up the large banks (e.g. Goldman Sachs and J.P. Morgan) that operate with implicit government protection. This allows them to borrow money at below market interest rates and undercut their smaller competitors. By my calculations, the size of this subsidy to the largest banks is close to $35 billion a year, almost half the size of the long-term Social Security shortfall that concerns Mr. Ryan so much. If Mr. Ryan could man up a little, maybe he would have the courage to tell the big Wall Street banks that they will have to compete in a free market without this subsidy from the government.

It’s not only the big banks that make Representative Ryan cower. He’s also scared of the pharmaceutical industry. As a result of government-enforced patent monopolies, we spend close to $300 billion a year on drugs that would cost us around $30 billion a year. The potential savings of $270 billion a year is about three times the size of the projected Social Security shortfall.

Representative Ryan is a big fan of Medicare vouchers, however his voucher system does nothing to address our broken health care system while virtually guaranteeing that most seniors will not be able to afford decent health care. How about a voucher system that gives Medicare beneficiaries the option to buy into the more efficient health care systems in Europe and Canada, with the taxpayer and beneficiary splitting the savings? Well, that one could hurt profits of the insurance industry and major health care providers, so Mr. Ryan is against it.

MORE:   Dean Baker: It’s Time for Representative Ryan to Man Up.

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April 4, 2011 · 7:27 pm

Republicans to Call for Ending Medicare

It’s rare for me to be stunned by anything in Politics, but this one is a stunner…

The GOP is actually going to proposed doing away with Medicare- one of the most successful and beloved programs ever created- and replacing it with private insurance.

If this one doesn’t kill them off, they have more lives than the average cat…

How can they even think about doing away with a program that benefits so many elderly Americans- who generally vote more dependably than another group and tend to vote Republican?

I hope the Democrats finally find their voice and stand up to this….

If saving Medicare isn’t a winning political issue, I don’t know what is…

House of Representatives Budget Committee Chairman Paul Ryan is set to outline a budget plan on Tuesday that is expected to propose phasing out traditional pay-for-service Medicare and instead provide government subsidies for the elderly to obtain healthcare through private insurers.The change would be for future retirees. Anyone currently over 55 would be enrolled in the current system.The proposal represents significant political risk for Republicans who made big gains in last years congressional elections running against Obamas healthcare overhaul, which they said would cut benefits for Medicare recipients.”The Ryan plan is likely to become a lightning rod for Democrats in the 2012 elections,” said Chris Krueger, political strategy analyst at MF Globals Washington Research Group.

via Republican to call for sweeping Medicare changes | Reuters.

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March 29, 2011 · 6:33 pm

Cost shift seen in raising Medicare age to 67 – Yahoo! Finance

There are some interesting facts here…

If Congress raises the Medicare age, it would reduce government expenses, but cause each individual- including the young- to pay much more for health insurance.

I guess this is what the Republicans really mean by “trickle down” economics.

It’s worth clicking the link to read the detailed article…

Employers and even some younger people would pay more for health insurance if lawmakers raise the eligibility age for Medicare, a study to be released Tuesday concludes.

The findings suggest that the emerging debate over Medicare’s future matters not only to seniors and those nearing retirement, but to a broad cross-section of Americans.

The report from the nonpartisan Kaiser Family Foundation shows that federal taxpayers would save billions if the Medicare eligibility age, currently 65, is increased by two years. But people ages 65 and 66, employers — along with states, Medicare recipients and even some younger families — would see ripple effects that add to their costs.

Those costs could total more than $2,000 a year for some individuals.

via Cost shift seen in raising Medicare age to 67 – Yahoo! Finance.

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