President Obama’s $700 Billion Medicare Problem

by alexvanbuskirk

President Obama’s $700 Billion Medicare Problem

By James C. Capretta @ National Review (August 14, 2012)

A recent study in the Journal of the American Medical Association — written, ironically, to undermine the concept of premium support — shows that private plans were able to deliver the Medicare package of benefits for $64 less per month than the government-run option in 2009. This proves the point that Ryan has been making all along, which is that a plan based on competition and choice can save money for the government without harming the quality of care for seniors. And it refutes the argument still being made by many Democrats that somehow the Romney-Ryan plan would drive up costs for seniors by forcing them into private plans that cost more than traditional Medicare. That’s demonstrably not true, as the JAMA study shows.