According to a study published on Monday by the Kaiser Family Foundation, if a similar reformed Medicare structure would have performed in 2010 to that of what Mitt Romney and Paul Ryan have proposed, then nine in ten Massachusetts seniors would have been forced to pay higher health insurance premiums that time.
The study clearly shows that all across the nation, there are around 59% of Medicare enrollees who would have faced higher unaffordable costs with such reforms.
This study has been released after analyzing the data collected from the actual health plan bids and Medicare costs of 2010. Data belonging to the next year was not fully available.
However, the fixations noticed by Kaiser have few similarities to that of Ryan proposal for 2013 budget. It clearly explains that in what ways the seniors will use the premium support payments that they will be offered to purchase private health insurance in lieu of traditional, fee-for-service Medicare.
Apart from this, seniors would also be granted the right to sign up the traditional Medicare program.
As far as the per-capita value of the premium support payments is concerned, it will be in accordance of the cost of the second-cheapest private plan or traditional Medicare. Government will chose the cheaper one in any geographical region.
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