tazzygirl
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quote:
Romney unveiled a blueprint to overhaul entitlement programs popular with seniors, saying he would gradually raise the retirement age for Medicare and Social Security. Under his plan, future retirees would have the option of staying on traditional Medicare or purchasing health insurance from private companies through “premium supports,” or vouchers.
Romney also said he would turn responsibility for Medicaid, the government health care program for the poor, over to state governments, and cut about $100 billion in Medicaid spending. He also would cap federal spending at 20 percent of gross domestic product by the end of his first term. To do so, he would cut about $500 billion in annual spending and lower non-defense discretionary spending to 2008 levels.
http://www.washingtonpost.com/politics/romney-overhaul-medicare-and-social-security-to-reduce-debt/2011/11/04/gIQAgUHumM_story.html
In 2008, Medicaid provided health coverage and services to approximately 49 million low-income children, pregnant women, elderly people, and disabled people. Federal Medicaid outlays were estimated to be $204 billion in 2008.[31]
Medicaid payments currently assist nearly 60 percent of all nursing home residents and about 37 percent of all childbirths in the United States. The federal government pays on average 57 percent of Medicaid expenses.
http://en.wikipedia.org/wiki/Medicaid#Budget
quote:
Romney, a former Massachusetts governor, has yet to fill in key details for his plan to overhaul entitlement programs, but the broad framework is similar to the blueprint of House Budget Committee Chairman Paul Ryan (R-Wis.). Both programs allow seniors to use a voucher for private insurance, and they do not effect seniors at or near retirement. But unlike Ryan’s plan, Romney’s would give seniors the option of remaining in the traditional Medicare program. Romney said his plan would not effect seniors at or near retirement.
“The future of Medicare should be marked by competition, choice and by innovation — rather than bureaucracy, stagnation and bankruptcy,” Romney said, adding: “Tomorrow’s seniors should have the freedom to choose what their health coverage looks like.”
Anyone think this will work?
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Romney's Plan - 
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