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- other regressive schemes, placing added burdens on households least able to cope.
Yet BPC outrageously claims their plan "provides a comprehensive, viable path to restore our economy and build a strong America for future generations and for those around the world who look to the United States for leadership and hope."
Dominici is a former US senator. Rivlin once headed the Office of Management and Budget and the Congressional Budget Office. Yet neither understands economics and finance enough to propose workable, constructive policies.
Their proposal like others, including Brookings, enriches corporate predators and America's super-rich at the expense of all others. In other words, it's another giant wealth transfer scheme, heading the nation for third world status.
So is a new bipartisan congressional one Senator Ron Wyden (D. OR) and Representative Paul Ryan (R. WI) proposed to replace traditional Medicare with "premium support" plans.
At issue is eventual privatization to free Washington from future obligations. As explained above, beneficiaries would get fixed amounts to purchase private coverage through a federally regulated Medicare exchange.
Initially, traditional Medicare would remain optional. Longer-term it will transition to an entirely privately run system. Doing so will put vital care out of reach for millions of seniors when they most need it.
The plan closely follows Ryan's April proposal to transition Medicare toward fixed-sum vouchers. He, other Republicans, and growing numbers of Democrats want government responsibility entirely ended. His new plan temporarily lets it compete with private plans with beneficiaries incurring greater costs.
A Final Comment
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