From The White House Blog:
Earlier this week, Speaker John Boehner said Rep. Ryan’s plan to privatize Medicare “transforms Medicare into a plan that’s very similar to the President’s own health care bill.” This comparison is deeply flawed. Here’s why:
No Guaranteed Coverage
The Congressional Republican plan privatizes Medicare, ending the program as we know it. Insurance companies would be under no obligation to offer insurance to seniors, so many older Americans could be left with no insurance at all.
The Affordable Care Act preserves Medicare and improves it by making prevention and prescription drugs more affordable, lowering its costs, and improving the quality of care. And health reform extends the life of the Medicare Trust Fund and helps ensure Medicare will continue to provide coverage to seniors in the decades to come.
Get Older, Pay More
The Republican plan repeals Medicare’s current policy where seniors are not charged more because of their age. Under the Republican plan, seniors could be forced to pay more for their health care every year, simply because they’ve grown older.