Basics of ObamaCare & RomneyCare Medicare Plans

Before getting into the “Basics,” please understand that President Obama is NOT raiding Medicare for $716 Billion as has been alleged by Messrs. Romney and Ryan.

President Obama’s Plan is, at its core, a Cost-Savings Plan, based on benefiting from fixing the Gross Inefficiencies associated with all of Healthcare.  In that regard, Healthcare Providers have agreed to accept less payment for their services and that cost-savings of approximately $716 Billion will be put back into Medicare to keep it operating AS IS for another 8-10 years.  This was orchestrated as part of the Patient Protection & Affordable Care Act, otherwise known as “ObamaCare.”

Presidential Candidate Mitt Romney and his Running Mate Paul Ryan are proposing a very different Plan.  They propose a Medicare $ Voucher, or $ Subsidy, which will be a Fixed Dollar Amount. It WILL NOT affect current Seniors but will come into effect in 10 years as Baby-Boomers begin to turn 65 years-of-age and choose to retire.  The Cost-Savings is in the determination of the Voucher’s Fixed Amount. This Video describes the BASICS of each Plan.

6 responses to “Basics of ObamaCare & RomneyCare Medicare Plans

  1. How about some details to support your argument?

    You says that “Healthcare Providers have agreed to accept less payment for their services?”

    Please cite your sources.

    Thanks Man!

  2. Indeed! Whenever I the word “orchestrated” and a link to a Wikipedia site is cited as “truth” – I get worried BIG TIME!

  3. Michael A. Weiss

    Mr Sisko:

    Thanks for watching the Video. My sources are a combination of the Patient Protection & Affordable Care Act and various News outlets. That said, the intention of the Video is to lay out the BASICS. I could not possibly substantiate the SPECIFICS of BOTH PLANS in just over 4 minutes. BUT, in my PERSONAL OPINION, I think the claims of each “Party” are exaggerated but their methodologies are what they say they are, especially in Mr. Obama’s case since he passed a law citing his Plan’s specific objectives, which I summarily described in the Video. The respective ideologies are accurately stated in the Video based on the CONCEPTUAL FACTS I was able to procure from exhaustive research. I leave the SPECIFICS up to each Viewer because it is very difficult to find FACTS that have NO POLITICAL SPIN and, if I did cite specifics, I would get Political criticism that would be unwarranted so I stuck to the BASICS.

  4. Hi Michael,
    In the haze of political mish/mash you helped make clearer the opposing Plans of each candidate.
    Thanks!

  5. WOW!!! Very well organized, sir. I appreciate the time and effort you put into this so that way we can understand the basics of these two plans. Thank you.

  6. Callie:

    Thanks 4 watching the Video & appreciating its “simplicity” because “too much is never enough” for some folks looking for political fodder so I decided to keep it simple. It’s obvious which way I lean politically but my main purpose is to help people truly understand at least the healthcare “issues” which are impacted by the upcoming Election. To that end, I wish the Democrats & Republicans would put their heads together to fine tune “ObamaCare” but that’s unrealistic. I find it discouraging that some elected officials base their voting strictly on denying the other party from anything they want as opposed to voting to enhance and further ideas which would benefit the American citizens. Therefore, I will continue to help elucidate upon the healthcare issue at hand.

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