Mitt Romney supports a plan to convert Medicare into a voucher program, a move that would not only end Medicare as Americans know it today but would force seniors to pay twice as much for health care. In 2022, a typical 65-year-old senior would actually pay $6,400 more out of pocket than they would under the current system.
How many retirees do you know that can easily afford to pay an extra $500-600/month OUT OF POCKET for healthcare? Wait don't answer....
Romney’s plan is to cut Social Security benefits by raising the retirement age and implementing means-testing. Analysis of a similar plan sowed it would cut the program by up to 40 percent for current workers, cutting the average recipient’s benefit by 30 percent and by nearly $400 a month. And policy experts have shown that even raising the retirement age by two years would force seniors to pay even more to cover their health costs.
By forcing seniors to pay more out of pocket, Romney can fund his massive extension of the Bush tax cuts, which alone will cost $850 billion over 10 years. In fact, Romney’s tax plan would even cut taxes for millionaires by an average of $145,568, while increasing taxes on average for those making less than $40,000.
Do we really want to gut Medicare and Social Security for those who need it most in order to enrich those who need it least?