May 01, 2011
The Washington Post managed to completely ignore the Congressional Budget Office’s projections showing that Representative Ryan’s privatized Medicare system would increase the cost of providing Medicare equivalent policies by $34 trillion over the program’s 75-year planning period. This sum is nearly 7 times the size of the projected Social Security shortfall, a topic that has received an enormous amount of attention in the Washington Post. It comes to roughly $110,000 for every man, woman, and child in the country.This additional cost is money that would be transferred from households to private insurers and health care providers.
Failing to mention the enormous waste that CBO projects would result from the Ryan plan is like writing a history of the 1940s and neglecting to mention World War II, only in the Washington Post.
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