Republicans Budgeting Badly

The Ryan G.O.P. Budget Proposal to abolish Medicare and replace it with vouchers to be used to buy private health insurance may be a great idea but privatizing Medicare does nothing to limit health-care costs. In fact, it almost surely raises them by adding a layer of private sector bureaucracy.Yet his plan assumes that we can cut health-care spending as a percentage of G.D.P. despite an aging population and rising health care costs.

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