Study: Ryan Plan to Raise Medicare Premiums by 59%

“Elderly people in Florida would have paid more than $200 extra for traditional Medicare if a system similar to Paul Ryan’s proposed overhaul of the program had been in place in 2010, according to researchers at the nonprofit Kaiser Family Foundation.

Ryan, the Republican vice presidential nominee, has proposed transforming Medicare into a “premium support” system in which beneficiaries get a fixed payment from the government for their health insurance, instead of guaranteed benefits. Such a plan would lead to wide variations in the cost of Medicare across the country, according to the Kaiser study reported today.”

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