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Its a dumb plan but cleverly presented. Anyone over 55 will not be kicking up a fuss because it doesn't impact them. Most people under 40 are not thinking that far ahead and some might support it because they think that they, personally, will be okay. Its the 40 - 55 year olds who will get royally screwed first. Then, when they start dying younger because they cannot get insurance or afford treatment, the political outcry will force the reinstatement of Medicare.
I'm exactly in that age group, and I support his plan. I'd rather know now that I need to get insurance (or keep it, since I have it already) than find out when I'm 70 that the well has run dry. Because make no mistake - if we don't deal with the issue, we'll run out of money. Ponzi schemes tend to work out that way.
Last edited by ringwise; 04-18-2011 at 03:41 PM..
Reason: typo
Obam's plan was to cut medicare by 500 billion and then kick it down the road until after he left office ;hoping for a second term.Sounds like the plan for libya;makeup stufff as you go and prey it doesn't egt worse on your watch.
NOOOOOOOOOOOOOOOOOOOO. If you cut Medicare, children will starve and old people will eat cat food. What? Obama was cutting it first?
Only stupid people believe this lying psychopath we have in the oval office.
I'm curious if conservative seniors support the ideal of getting vouchers and then shopping for health insurance on the private market.
Congressman Ryan's plan proposal begins in 2022. I have several concerns about the plan:
First, how much is the premium support payment? If it is $3000 and a $5,000 plan fits me the best, I have to cover the $2,000 myself to purchase that plan. How often (soon?) will government respond to large changes in premium costs?
Second, the Ryan plan doesn't call for standardized coding of procedures and other medical items in order to help in comparing different plans. Information is key to choice and comparing apples to apples is absolutely necessary.
Third, I live in a rural area. How will the Ryan plan insure that there are enough plan choices to guarantee legitimate market competition in my area? To few plans could lead to market collusion and high premiums. Only one plan in a market guarantees monopolistic market manipulation.
Fourth, cancer runs in my family. One year I could be in a quality plan, the next year cancer allows me no choice but to choose an ordinary plan because I can't afford the quality plan. What if I can't even afford the low quality plan?
Those are my concerns. As I read up on it more maybe my concerns will be answered.
Congressman Ryan's plan proposal begins in 2022. I have several concerns about the plan:
First, how much is the premium support payment? If it is $3000 and a $5,000 plan fits me the best, I have to cover the $2,000 myself to purchase that plan. How often (soon?) will government respond to large changes in premium costs?
Second, the Ryan plan doesn't call for standardized coding of procedures and other medical items in order to help in comparing different plans. Information is key to choice and comparing apples to apples is absolutely necessary.
Third, I live in a rural area. How will the Ryan plan insure that there are enough plan choices to guarantee legitimate market competition in my area? To few plans could lead to market collusion and high premiums. Only one plan in a market guarantees monopolistic market manipulation.
Fourth, cancer runs in my family. One year I could be in a quality plan, the next year cancer allows me no choice but to choose an ordinary plan because I can't afford the quality plan. What if I can't even afford the low quality plan?
Those are my concerns. As I read up on it more maybe my concerns will be answered.
It's more likely that the coupon will be $3K and your insurance will cost you $15K. Private, individual insurance is expensive, even when you're healthy. This idea is just nuts.
Last edited by Katarina Witt; 04-18-2011 at 06:25 PM..
Reason: Changed 5 to 15.
It's more likely that the coupon will be $3K and your insurance will cost you $5K. Private, individual insurance is expensive, even when you're healthy. This idea is just nuts.
Actually, it isn't nuts. It is very similar to the Swiss system.
I edited my post. I meant to say the coupon may be 3K and the ins. 15K. Seriously, you're not going to get less than ~ $1000/mo for a senior citizen. Ryan probably has no idea how much this will cost an individual.
Actually, it isn't nuts. It is very similar to the Swiss system.
Not really. First of all the Swiss system requires that everybody carry health insurance. There is no choice. Secondly, the Swiss system does not allow insurers to make a profit on health insurance. Thirdly, it requires that everybody pays the insurer the same premium for the same type of policy and regardless of age.
In other words, healthy young people are subsidizing less healthy older people. In addition, and depending on the Canton, the law can require families to pay the health care costs of sick family members if they cannot afford to pay their share. They can also force insurance companies to pay up even if the individual has lapsed on his/her premiums. When I worked in Switzerland, I did quite a lot of work for one of the Cantonal governments in this area.
Not really. First of all the Swiss system requires that everybody carry health insurance. There is no choice. Secondly, the Swiss system does not allow insurers to make a profit on health insurance. Thirdly, it requires that everybody pays the insurer the same premium for the same type of policy and regardless of age.
In other words, healthy young people are subsidizing less healthy older people. In addition, and depending on the Canton, the law can require families to pay the health care costs of sick family members if they cannot afford to pay their share. They can also force insurance companies to pay up even if the individual has lapsed on his/her premiums. When I worked in Switzerland, I did quite a lot of work for one of the Cantonal governments in this area.
The similarity involves the purchasing of insurance from a party that is not the government. Also there is a minimum of 8% of income co pay. it averages about $1500 out of pocket per year.
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