Medicare, Was Nice to Know Ya!

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August 27, 2012 9:33 a.m.

A leaked draft of the GOP platform reveals the Romney/Ryan plan to turn Medicare into a no-guarantee voucher program.

In other words, it’s the Medicare equivalent of ‘private accounts’ for Social Security — switching from a defined-benefit to a defined-contribution program.

Let’s be honest: very few working political journalists have any grasp of basic policy details like or particularly care about them. So there’s a decent chance the significance of all this will be almost entirely ignored. But these are mammoth changes which phase out Medicare over a handful of years and replace it with a coupon to buy as much health are as people over 65 can get.

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