The reasons are wonky, but the concern is valid that Romney’s reform plan will undermine the program.
As the Obama campaign touted a nonpartisan study showing more than half of today’s seniors would pay more for Medicare under a voucher system, the Romney campaign underlined the authors’ caveat: This is not an analysis of the Romney-Ryan model. The two are much alike, though.
Kaiser Family Foundation researchers used the same benchmark set in the Romney-Ryan proposal, which is the same as in Rep. Paul Ryan’s budget plan: If the government cut seniors a check to buy private health insurance equal to the second lowest bid from a private Medicare Advantage plan in a given area, would it cover the cost of current benefits?
The answer was no for 59 percent of seniors on Medicare.