Special to the Iguana, by Mary Savage
House Speaker Paul Ryan (R-WI) and the Republican Congress want to phase out Medicare as well as repeal the Affordable Care Act. They want to replace Medicare with vouchers ($5,000 for seniors) to buy private insurance from for-profit companies.
Ryan claims Medicare is going broke and that “privatization” is the answer. But the respected Kaiser Foundation deemed that by 2022, the so-called Ryan Plan would mean half of a 65-year-old’s Social Security check would be gone when compared to traditional Medicare’s cost today.
This is bad for seniors.