The Ryan plan

April 13, 2011

WASHINGTON, DC - APRIL 05:  U.S. Rep. Paul Rya...

Image by Getty Images via @daylife

At my company, we’re confident that given knowledge and a transparent, competitive marketplace people will be empowered to find and purchase the right insurance for their needs. That’s why we think that Representative Paul Ryan’s proposal to make Medicare a voucher system isn’t necessarily a bad idea, since it puts a lot of power into the hands of consumers — but such a system has to be calibrated right if it isn’t going to shift too much of the cost of health care onto the shoulders of seniors.

And that’s why we think this analysis provided by the Bipartisan Policy Center is a must-read for anyone who wants to understand how the Ryan proposal would work out over the next 40 years.  Ryan’s plan is compared to the BPC’s own Domenici-Rivlin Debt Reduction Task Force plan, which is also premium support based but maintains traditional Medicare, and allows support to grow at a rate that more closely approximates the actual projected rate of growth in medical costs for Medicare beneficiaries.

Visit Extend Health — the nation’s largest private Medicare exchange.

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2 Responses to “The Ryan plan”

  1. I didn’t get much out of the CEO’s blog other than he thinks it is a good idea BUT over 40 years? No one can see that far ahead and it is foolish to make large changes until you (and we) are certain that the unintended consequences will not be far worse. Caution must prevail since we are dealing with so many unknowns.
    The fear of government control has become a real paranoia. Corporations are programmed to grow at a swifter rate than their competitions and that rate is not necessarily the best either for the country or the corporation involved. The government has no real axe in this, but to see the medical field works for all effectively. Government staffers need to be competent and devoted to their job and must not be biased by thoughts of future high salary commercial jobs.
    I’m trying to find out how much our prescriptions are going to cost next year and your website does not recognize our Kennewick Washington zip code – -99337!!

    • cholla45 said

      Hello Mr. Connell,

      Replying for Bryce – thanks for your comments and interest in these issues of concern to us all.

      As for your zip code – I just tried it on our web site, and the zip code was recognized. There are 18 prescription drug plans offered in your area. Maybe you switched a number when you typed it in?

      Best,
      Chris Holland

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