Medicare controls health care costs. After major surgery, providers submitted bills. Medicare reduced that initial claim to the amount allowed for the procedures. Providers that accept Medicare are not allowed to bill the patient for more. Even Medicare does not always pay the allowed amount, leaving co-pays.
Ryan/Romney propose a health care voucher system. You’ll get about $100 a month to buy health insurance, the amount that Medicare part B costs now. Where can you get as good a deal as Medicare for $100? Suppose you have preexisting conditions? Insurance companies would cap your annual/lifetime benefits. I’ll bet co-pays would be higher than Medicare’s. How could private insurance prevent providers from billing the difference? Where is the cost-control?
Remember, private insurance companies need stockholders’ profit and pay huge CEO and other salaries. A voucher cannot work for the bottom 99 percent and the top 1 percent has no trouble paying their medical bills. Oh yeah, the CEO probably has a golden health insurance policy.
By the way, both the Obama and Ryan/Romney plans cut billions from Medicare through savings and fraud elimination. Obama’s cuts provide health care to uninsured Americans; Ryan and Romney give higher tax breaks to the top 1 percent.
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