Pay more and get less: The Ryan plan to privatize Medicare

November 29, 2016 at 11:41 am
[caption id="attachment_2147" align="aligncenter" width="640"]Paul Ryan speaking at CPAC in Washington D.C. on February 10, 2011 (Gage Skidmore/Wikimedia) Paul Ryan speaking at CPAC in Washington D.C. on February 10, 2011 (Gage Skidmore/Wikimedia)[/caption]

One of the fights likely to come up early during the next administration is privatizing Medicare.

Tom Price, chairman of the House Budget Committee, has indicated Republicans will try to privatize Medicare in a budget reconciliation bill (a sneaky filibuster proof attack).

You’re going to hear a lot about “choice” and “efficiency” and the amazingness of markets, but Ryan’s plan basically comes down to two things: 1) you will pay more, and 2) you will get less.