Barack Obama and Mitt Romney sharply disagreed this week on a budget proposal by U.S. House Republicans that would dramatically change Medicare and Medicaid while lowering taxes on corporations and wealthy Americans. The GOP presidential candidate praised it as “bold and exciting,” while a White House spokesperson called it, “a recipe for destroying Medicare as we know it… it is not a plan that this President could support.” MD/DC Alliance president Frank Stella spoke at a Tuesday rally against the plan, and Alliance Executive Board member Bill Cea is joining Vice President Joe Biden today at an event in Florida to highlight the Administration’s opposition. Read some of Biden’s remarks explaining what’s at stake at http://bit.ly/GIY9Ws.
“Under the proposal, seniors would be given vouchers to either buy health coverage in the costly private insurance market, or purchase it from a Medicare program that would be made more expensive by the exodus of younger, healthier retirees,” said Ruben Burks, Secretary-Treasurer of the Alliance. The plan would also cut spending on Medicaid and turn it over to cash-strapped states, jeopardizing the only way over 70 percent of seniors are able to afford long-term or nursing home care. The budget plan, authored by Rep. Paul Ryan (R-WI), was approved by the House Budget Committee on Wednesday and is expected to be voted on by the full House next week. Also, on the same day that Romney endorsed the Ryan plan, one of his top economic advisors, Greg Mankiw, was forced to apologize for a joke he shared on his blog about deporting seniors to lower Social Security and Medicare costs. For the Alliance’s latest fact sheet on the Ryan budget, go to http://bit.ly/GKlJVx.
Source: Friday Alert – Alliance for Retired Americans