With the exceptions of Mike Huckabee and Donald Trump, all of the Republican candidates for President want to change Medicare so that it costs you much more, but guarantees profits for campaign-funding insurance companies.
The details are in the Heritage Foundation plan to replace Medicare with a “premium support” plan in which you buy Medicare on the open market and the government reimburses you, based on the lowest price from solicited private bids:
During the first five years of the premium-support program, the government’s contribution is based on the weighted average premium of the regional bids of competing health plans. After the first five years, the government contribution is based on the lowest bid of competing plans in a region.
Last week, I blasted the foundation for its miserable plan for Social Security. Their suggestions for Medicare are just as bad. What would such a plan cost, and what would…
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