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FBN’s Gerri Willis compares Rep. Paul Ryan’s Medicare plan with Obama’s health-care law’s impact on Medicare.
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Appear weak bill and -- It's -- just three days since Mitt Romney announced Paul Ryan as his running mate.
And already the democratic -- -- brain.
First things first though there will be no touching -- any over the cliff.
Look even if Brian -- president and he ran both houses of congress -- benefits yourself.
Why well because Brian don't plan lots and today's benefits for everybody 55 years and older -- taped up breath.
The conversation the debate is about what to do about 20/20.
Four that's the year that Medicare is expected to go bust.
Expected to go broke that -- by both Republicans and Democrats.
This is a nonpartisan analysis here we will lose one of the most important safety nets for the nation's seniors if we don't act and act soon.
Ryan's plan is to slowly raise eligibility age to 67.
-- give people younger than 55 the option of enrolling in a privately run plan.
Paid in part by the government or stick with old fashioned Medicare.
Those currently over 55 like I said nothing.
Changes.
Obama on the other hand is the only politician with -- hat in the ring was already cut Medicare benefits.
His Health Care Reform obamacare guts Medicare Advantage by slashing payment rates.
The senior health plan signed by George W.
Bush in 2003.
The plan of course.
Well it's not Chicago style it's a plan run not by the government up by the private sector.
And -- the point.
It's successful.
Premium -- down 7% on average that's according to the Department of Health and Human Services.
Meanwhile seniors are voting with their feet opting for the private sector plan in greater and greater numbers enrollment up 10% last year alone.
But obamacare will slash provider payments a total of 575.
Billion dollars over ten years.
Cutting beneficiary payment rates by 3700 dollars and 2070.
What the savings will go to other Obama health care initiatives.
I guess -- just have to hope you're on the right list.
Look everybody and I mean -- knows that Medicare -- to be reformed costs are growing by 26 billion dollars a year.
It's -- low single expense of government program.
Outpacing even social security and growth.
What's more it's chock -- block filled with corruption.
Annual estimates of Medicare fraud sixty billion are so big is to be almost unbelievable.
This is a program that is broken and needs reform.
Look even the president agrees.
When an aging population and rising health care costs we are spending too fast to sustain the program and if we don't gradually reform the system.
While protecting current beneficiaries.
It won't be there when future retire his -- The reform Medicare to strengthen.
-- -- Right exactly what Ryan proposed -- exactly what he is being vilified for by the left.
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