Society Magazine

Want to Know What Medicare Will Cost You When You Retire Under the Romney Plan?

Posted on the 30 August 2012 by Btchakir @btchakir

There is a great danger in electing Mitt Romney and letting him and Paul Ryan get their hands on Medicare. According to a report from Harvard economist David Cutler, an Obamacare architect, and the Center for American Progress the cost of health care at retirement will be obscenely expensive.

If Romney and Ryan are allowed to turn Medicare into a voucher system for Americans under 55 when they qualify for Medicare, 48-year-olds would have to pay $124,600 more for Medicare, 39-year-olds would have to pay $216,600 more during retirement, and 29-year-olds would have to pay $331,200 more in total. That’s because the vouchers would not keep up with rising health care costs. For those 29-year-olds, the extra costs would consume 62% of their lifetime Social Security benefits. And that’s as long as the Republicans don’t destroy Social Security altogether.

Want to know what Medicare will cost you when you retire under the Romney Plan?

It’s up to you and who you vote for to preserve and continue to improve Medicare as Obama has done so far. It’s your choice… don’t forget it when you approach the voting booth.


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