Grab your wallets! Paul Ryan to phase out Medicare.

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In the ultimate premium hike of all, Paul Ryan is planning on trying to privatize Medicare. If you think AHCA is bad you ain't seen nothing. Something is fundamentally flawed about health insurance but, as usual, that gets ignored. So after all this phasing out, when do we get a discount on all that social security tax? Answer? Never!

Medicare + Social Security consume 62.4% of all revenue.
http://www.usdebtclock.org/

Both are projected to be insolvent within twelve years.

Someone has to do something.

This is the "ticking time bomb" Obama warned us about.

Haven't we already seen the results of privatizing high risk groups through AHCA? And yet Ryan wants to increase privatizing for people who are at an even higher risk as the older you get, the more likely you will need to see doctors and specialists more frequently. Why would anyone think privatizing would help? It's absolutely absurd.

They think Ryan will hit a stonewall - Trump.


http://fortune.com/2016/11/15/trump-paul-ryan/

I'm good--my employer not only covers 80% of insurance costs, but kicks in the first $1500 so I don't have copays for doctor visits and prescription drugs.

You see it DOES affect you! You might not think so now but if Ryan gets his way and it drives costs to insurers up, they will pass the increases to your employer. This is called Trickle Down Expenses.

Count your lucky stars Paul Ryan isn't president.

I don't like Paul Ryan

I sincerely hope you and Fortune are right.

Which means that it will end up being an effective increase in my benefits package, since it is unlikely that they will pass along the increases in the form of lower wages. More likely that the cuts will occur elsewhere.

As I said, I'm good with that.

Last edited by BTDT on 16 Nov 2016, 1:47 pm, edited 1 time in total.

I wouldn't be so down on privatization if the government guaranteed social security and Medicare, if the stock market went south.

I have a diversified portfolio with bonds and a paid up house to offset fluctuations in the stock market. No, my returns aren't as good as if I were fully invested in stocks, but I compensate by having a bigger portfolio than most Americans.