From the Wall Street Journal:
“Republicans will present this week a 2012 budget proposal that would cut more than $4 trillion from federal spending projected over the next decade and transform the Medicare health program for the elderly, a move that will dramatically reshape the budget debate in Washington.”
“The plan would essentially end Medicare, which now pays most of the health-care bills for 48 million elderly and disabled Americans, as a program that directly pays those bills. Mr. Ryan and other conservatives say this is necessary because of the program’s soaring costs. Medicare cost $396.5 billion in 2010 and is projected to rise to $502.8 billion in 2016. At that pace, spending on the program would have doubled between 2002 and 2016.”
Bill4DogCatcher sez: This article is full of important public policy items to think about. Surely most people will start running around with their hair on fire without first taking the time to read and to digest what this policy would mean to most people. BTW – most of the policy recommendations were developed on a bipartisan basis over the last few years, although it is only now that these policy recommendations are getting the chance to be considered and to be voted upon.
Read entire article at http://online.wsj.com/article/SB10001424052748703806304576240751124518520.html