Well it is not so surprising, but Brad Delong points out this nugget about the Ryan plan to end medicare:
If I am calculating this right, under current law the CBO projects that the
government will spend $35,000 year-2010 dollars to cover a 75-year old Medicare patient in 2050. U.S.
Under the Ryan plan, however, the CBO projects that a 75-year old Medicare patient in 2050 will have to spend $52,000 year-2010 dollars to buy a Medicare-equivalent plan in 2050. Of this, Medicare will reimburse the patient for--a mere $10,000.
Plus there are all the Medicare copays that 75 year olds will have to pay.
While shocking, this is not a surprise. Ryan, you see, is a right wing Utopian. Under his plan people will purchase the health care that they deserve. Some will be able to buy as much as they want or need while and some will not have that same opportunity. But in any circumstance, market forces will respond to the demand for care in the most optimum way. Efficiencies, new products, delivery systems, etc., will be unleashed in a market that is not impeded by Medicare and Medicaid which type free market innovations from happening. The market is magic, it will find a way to provide Seniors the care that they deserve, if it can be unleashed.
In Ryan’s version of a perfected society, this is what will happen if his utopian schemes are implemented. The cost differences only look bad today, from a perspective of our corrupt society. Ryan’s plan is the first toward perfecting society so that mankind can truly know freedom.