5 Ways Paul Ryan’s Budget Screws Seniors
Higher Medicare Costs Now
Republicans often point out that Obamacare cuts Medicare Advantage and reforms the program. But they fail to mention, as Democrats often do, the benefits the president’s health law has given to current Medicare beneficiaries.
The Centers for Medicare and Medicaid Services recently reported that since the passage of the ACA, over 7.9 million Medicare beneficiaries in the Medicare Part D donut hole have saved $9.9 billion on their prescription drugs, an average of $1,265 per person. Also, 37.2 million people with Medicare took advantage of at least one preventive service with no cost sharing, including an estimated 26.5 million people with traditional Medicare, and more than 4 million who took advantage of the Annual Wellness Visit.
Ryan’s budget would repeal those benefits while keeping the cuts Republicans have been campaigning against for four years now.
Obamacare reforms have also lowered the growth of Medicare’s costs to zero. If this trend continues, the program would be solvent even through the peak of Baby Boomer retirements, protecting seniors from future benefit cuts.
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