I will keep this simple… for the simple minded.
If you are 55 or older…. MEDICARE FOR YOU WILL NOT CHANGE
If you are 54 or younger…. You have the choice of staying in the existing
MEDICARE SYSTEM or purchasing private insurance. If you choose to stay in the current system, you will see nothing change. Go for it.
1 - If you opt for private insurance coverage, here’s how it will work.
The Medicare trustees will take BIDS from PRIVATE INSURERS on coverage that is the SAME as MEDICARE. The SECOND LOWEST BID will become the base line for private coverage. The government will give you a VOUCHER for that amount and you can shop for insurance that suits you.
2 - If you find insurance from a private insurer for LESS than the base line price, you pocket the difference. If you find health insurance that meets your needs AT the base line cost…. It’s a wash.
3 - If you opt for a cadillac plan, YOU pay the difference out of pocket.
EASY AS 1-2-3
Got it? Ryan does NOT propose ENDING MEDICARE AS WE KNOW IT. His plan will SAVE Medicare from bankruptcy.
On the other hand, the ACA (a/k/a Obamacare) is cutting $750,000,000,000 [that’s $750 BILLION] from MEDICARE to fund Obamacare. Anyone who believes the service and care quality of MEDICARE won’t go south, please raise your hand and you will be given a bottle of pills with directions on how to kill yourself.