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Mitt Romney 2012
MittRomney: We cannot with moral conscience borrow trillions of dollars that can only be repaid by our children http://t.co/a826jsfO "The Federal Government Should Stop Doing Things The American People Can’t Afford, ...."
"QUESTION AND ANSWERS ON ROMNEY’S PLAN TO REFORM MEDICARE
Basic Overview:
Nothing changes for current seniors or those nearing retirement
Medicare is reformed as a premium support system, meaning that existing spending is repackaged as a fixed-amount benefit to each senior that he or she can use to purchase an insurance plan
All insurance plans must offer coverage at least comparable to what Medicare provides today
If seniors choose more expensive plans, they will have to pay the difference between the support amount and the premium price; if they choose less expensive plans, they can use any leftover support to pay other medical expenses like co-pays and deductibles
“Traditional” fee-for-service Medicare will be offered by the government as an insurance plan, meaning that seniors can purchase that form of coverage if they prefer it; however, if it costs the government more to provide that service than it costs private plans to offer their versions, then the premiums charged by the government will have to be higher and seniors will have to pay the difference to enroll in the traditional Medicare option
Lower income seniors will receive more generous support to ensure that they can afford coverage; wealthier seniors will receive less support
Competition among plans to provide high quality service while charging low premiums will hold costs down while also improving the quality of coverage enjoyed by seniors
What are the immediate effects of this plan?
This plan has no effect on current seniors or those nearing retirement. It will go into effect for younger Americans when they reach retirement in the future."
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