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Mitt Romney and Paul Ryan’s plan to end Medicare as we know it and turn it into a voucher plan is bad enough on its face. It doesn’t do anything to actually rein in health care costs. It just shifts costs — potentially hundreds of thousands of dollars for future retirees — from the government onto the backs of seniors.
But it gets worse. We learned over the weekend that all the extra money out of our pockets is going to give insurance companies some extra large profits. Here’s President Obama, who was in Florida yesterday, describing the findings of a new study:
In fact, one report just said that by the end of the next decade, our opponent’s plan would mean as much as $16 billion to $26 billion in new profits for insurance companies. So basically, your costs would rise by the thousands so that their profits could rise by the billions.
How much more are you going to be on the hook for in order to pump up the profits on insurance companies? Check out this handy infographic to find out:
In his defense, Mitt Romney cites five studies that actually just further prove his plan would raise taxes on the middle class.
In new stump speech, Romney suggests Obama is anti-God.
One hedge fund millionaire is trying to buy a seat in Congress.
Paul Ryan once touted defense cuts he now claims to not have voted for.
Rep. Joe Walsh (R-IL) attacked Sandra Fluke.
Romney’s amazing and dishonest gymnastics on health care.
President Obama said Nikki Minaj’s “endorsement” of Mitt Romney was a joke — and she said the president was right.
Poll finds Obama surging after Democratic convention.
Obamacare has led to a record drop in uninsured young people.
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