The Status Quo is Unsustainable
- Nearly one-in-three primary care doctors limit the number of Medicare patients they see.
- More than half of doctors say the President’s health care law will compel them to close or restrict their practices to Medicare patients.
- Texas doctors are opting out of Medicare at alarming rates – every year 100 to 200 Texas doctors opt out of participating in Medicare.
- More than 10,000 Baby Boomers are reaching retirement age every single day.
- Americans are living longer – about a decade longer than when Medicare was adopted – and their health status is better.
- While four workers supported each Medicare beneficiary in 2000, it will be just over two workers by 2030.
- Medicare cannot be sustained by simply eliminating waste, fraud and abuse in the system.
- According to the latest Medicare Trustees report, the Medicare Hospital Fund will be insolvent in 2024.
Obamacare Guts Medicare
- The Affordable Care Act (i.e., Obamacare) effectively ended Medicare as we know it.
- President Obama has cut $716 billion from Medicare, but he done nothing to guarantee it will be there for seniors in the future.
- It reduces benefits for both retirees and younger workers.
- In the absence of Obamacare, today’s new retirees would have received $53,500 in lifetime benefits over and above lifetime taxes and premiums paid.
- Because of Obamacare, today’s new retirees will now receive about $20,700 less in net benefits.
- The impact of Obamacare will be even greater on younger workers. For example:
- In the absence of Obamacare, individuals who are 45 years old today would have received $44,900 in net benefits at retirement.
- With the Obamcare reforms, however, individuals who are 45 years old today will pay $11,400 MORE over their lifetime in taxes and premiums than they are expected to receive in benefits.
- Their reduction in net benefits due to Obamacare reforms is about $56,000.
House Republican Plan (i.e. the Ryan Budget)
- No changes to benefits for anyone at or near retirement age (i.e., anyone 55 or older).
- For younger workers, individuals will be able to choose from multiple guaranteed coverage options which best suits their needs.
- Individuals select where a Medicare benefit check goes to help cover the cost of a plan that YOU choose (i.e. premium support).
- Premium support is NOT a voucher. It is personalized health care coverage.
- Low-income individuals will receive greater support.
- Individuals with higher health risks will receive greater support.
- Wealthier individuals will receive less support.