Location: Ann Arbor, Michigan
Posted On: August 24, 2012 by ROJS News
GOP Presidential Candidate Mitt Romney last week
used a White Message Board to explain differences
between his and President Barack Obama (D)
“Increasingly unaffordable costs for all seniors who qualify for Medicare after 2022. For seniors turning 65 in 2023, Medicare costs during retirement would increase by $59,500 in 2012 dollars under the Romney-Ryan plan. Because under the Romney-Ryan plan the amount of seniors’ vouchers will not keep pace with rising health care costs, these numbers are even worse for future generations.
In today’s dollars seniors who qualify for Medicare in 2030 would see an increase of $124,600 in Medicare costs over their retirement. Seniors who qualify for Medicare in 2040 will see an increase of $216,600. And by 2050 newly eligible seniors will pay $331,200 more in Medicare costs over their retirement.”
The Center of American Progress wrote 10 page PDF report detailing changes to retiree health care access with the Federally Sponsored Medicare plan under GOP Presidential/Vice Presidential Candidates Mitt Romney and Paul Ryan plan.
According to the info graphic below, current beneficiaries would pay $11,000 a year in out-of-pocket under the Romney/Ryan Medicaid plan, despite both GOP Candidates claims on the campaign trail their plan would not burden retirees with additional costs.
|Photo Credit-Think Progress/The Center for American
Progress Medicare Report