The reason Medicare costs are growing is because it covers ONLY the *most expensive*, sickest population: elderly people. There are no healthier (less costly) enrollees (younger people) to spread out the costs.
Also... Like medicine ACROSS THE BOARD, for everyone,
costs have been rising for decades, and they seriously need to be put in check.
But the problem isn't that we're spending too much on Medicare: the problem is that US medical care costs too much. (Other countries get much more out of every medical-dollar--
they spend less and have better health outcomes!).
"Obamacare" made a noble first pass at fixing the obvious problems that
slow this too-fast growth of Medicare (which every conservative complains about) over the next decade:
- eliminate overpayments to private insurers,
- reform provider payments to encourage greater efficiency,
- tie reimbursements to improvements in economic productivity,
- and reduce fraud and abuse.
- (from Romney Claims Obama 'Robbed Medicare' 8/13/2012)
These changes are where the "$700billion" comes from.
Very, very cynically, Romney/Ryan are savaging Obama for "robbing Medicare of $700billlion"---but THEIR Medicare plan preserves those very "cuts"/savings!! AND then uses them to pay for their massive tax cuts!
- The Ryan-backed GOP budget maintains these cuts, but rather than using them to improve the Medicare program, it applies the savings to pay for massive tax cuts. As the budget chairman himself admitted during an April 5, 2011 speech at the American Enterprise Institute (AEI), “We retain the Medicare savings” — and that’s not all. The Republican blueprint transforms the existing Medicare benefit guarantee into a premium support program that would provide seniors with depreciating vouchers to buy insurance from private plans. (from Romney Claims Obama 'Robbed Medicare' 8/13/2012)
- (Ezra Klein, in the 5th paragraph, gives plan details/citations in the legislation)
And: on top of the savings ("cuts" as Romney/Ryan call it) from Obamacare (which Romney/Ryan keep)--
Romney's plan would institute
another $2 BILLION IN CUTS (Klein,
last paragraph). ??!! They
can't have it both ways--complaining about the "cuts"/savings then keeping them AND ADDING TO THEM.
The truth hurts Romney/Ryan. Which is why they are lying, distorting, obfuscating and muddying to keep the less-informed voter confused.
They cannot be allowed to get away with it.