Rep. Todd Akin reaffirmed his support for Rep. Paul Ryan's (R-WI) Medicare elimination plan in a press release today, calling it a "reality-based" plan that "averts a European style fiscal crisis."
Meanwhile, senior advocates, budget analysts and reasonable persons have rejected this plan because of the devastating impact it would have on seniors' health care. Here's why:
Seniors and the disabled would pay sharply more for their Medicare coverage under a new plan by House Republicans aimed at curbing the nation’s growing deficit, a Congressional Budget Office analysis shows.
For example, by 2030, under the plan, typical 65 year olds would be required to pay 68 percent of the total cost of their coverage, which includes premiums, deductibles, and other out-of-pocket costs, according to CBO. That compares with the 25 percent they would pay under current law, CBO said.
The GOP budget proposal also would raise the eligibility age for the politically popular program – and repeal big chunks of the health care overhaul law approved by Congress last year...
Besides overhauling Medicare, [Ryan's] 10-year budget proposal also would give states more control over Medicaid, the state-federal program for the poor, but cut the amount states would receive for the program from federal coffers by hundreds of billions of dollars over a decade...
The Ryan proposal would do away with the traditional Medicare program and shift beneficiaries into private insurance plans in 2022, under a model called "premium support."
...Chip Kahn, president and chief executive officer of the Federation of American Hospitals, said that Ryan’s plan to repeal the law’s coverage expansions but keep the provider cuts “will severely impact access to essential medical care for seniors, as well as the lowest income Americans.” In last November’s elections, Republicans criticized the Democrats for the Medicare provider cuts, saying they would jeopardize seniors’ access to care.