Sahil Kapur, Raw Story
Submitted by: Editor
Republican Budget Screws Seniors
[excerpt] "Spin can't change the fact that Republicans' plan reopens the doughnut hole, costing seniors more than $2 billion next year alone," Reid spokesman Jon Summers said Friday morning. "No matter what they say, the fact is the GOP wants to finance their tax breaks for millionaires and billionaires by hiking prescription drug prices for seniors."
The plan would allow Americans currently 55 and older to remain on Medicare as it exists, but everybody younger than that would be given vouchers to buy private insurance whose value is capped at $15,000.
How many major medical procedures cost less than $15k? None. A broken bone can easily cost $15k to repair. This "compassionate and optimistic" plan virtually guarantees bankruptcy for anyone who requires medical assistance.