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Recommend "Julie Appleby, Mary Agnes Carey & Laurie McGinley" - CBO: Seniors would pay much more for Medicare under Ryan plan (Email)

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Article Excerpt:

Julie Appleby, Mary Agnes Carey and Laurie McGinley | Kaiser Health News

McClatchy News: April 07, 2011 12:04:14 AM

http://www.mcclatchydc.com/2011/04/06/111639/cbo-seniors-would-pay-much-more.html

WASHINGTON — Seniors and people with disabilities would pay much more for Medicare under a new plan by Republicans in the House of Representatives that's aimed at curbing the nation's growing budget deficit, a Congressional Budget Office analysis shows.

For example, by 2030, typical 65-year-olds would be required to pay 68 percent of the cost of their coverage, which includes premiums, deductibles and other out-of-pocket costs, according to the CBO. They'd pay 25 percent under current law, the CBO said.

The GOP budget proposal also would raise the eligibility age for the popular program and repeal big chunks of the health care overhaul law that Congress approved last year.

House Budget Committee Chairman Paul Ryan, R-Wis., unveiled the fiscal 2012 budget proposal Tuesday.

Coming amid growing concern over the federal budget deficit, it's part of an overall GOP effort to reduce federal spending by at least $5 trillion over the coming decade.


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