Nancy J. Altman of Social Security Works speaks about the imminent threat to Medicare — and how Americans can fight to save it. She wrote “Medicare Will Be Gone By Next Thanksgiving If Republicans Have Their Way” for the Huffington Post.
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Fifty-five million Americans depend on Medicare for their health insurance — and 10,000 more are being added every day. Medicare is far more cost-effective than private health insurance and allows the greatest choice.
The CBO has predicted that the rising cost of private insurance will continue to outstrip Medicare for the next 30 years. The private insurance equivalent of Medicare would cost almost 40 percent more in 2022 for a typical 65-year old.
But Paul Ryan and Mitch McConnell want to dismantle and privatize Medicare and they are moving swiftly on a plan to do just that in the Congress. According to the organization Social Security Works:
Senate Majority Leader Mitch McConnell may use a parliamentary procedure called reconciliation to bring Speaker Ryan’s plan to destroy Medicare to a vote ― and it could happen as soon as this January. Reconciliation would allow this devastating bill to pass by a simple majority, without the opportunity for a filibuster.
Nancy J. Altman is founding co-director of Social Security Works. She spoke with Francesca about the imminent threat to Medicare — and how Americans can fight to save it. She wrote “Medicare Will Be Gone By Next Thanksgiving If Republicans Have Their Way” for the Huffington Post.