Rep. Paul Ryan Budget Plan Would Increase Health Care Costs: Bloomberg Study

[JohnWxy]

http://www.huffingtonpost.com/2011/06/29/ryan-plan-could-increase-health-costs_n_887119.html

WASHINGTON -- A new study shows Rep. Paul Ryan's budget plan will do little to reduce health care costs, Bloomberg News reports.

The study, authored by Bloomberg Government, claims that key health care provisions in Ryan's budget are ineffectual in terms of cutting costs, according to the report.

In his budget proposal, Ryan (R-Wis.) presents a revamped Medicare plan in which individuals would receive "premium support payments" that subsidize private health care plans. However, the wealthiest 2 percent of beneficiaries would receive only a third as much in these payments as others, and the following 6 percent of beneficiaries would receive only half as much.
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