Medicare Advantage is George Bush's plan to "privatize" Medicare and it FAILED.
Paul Ryan's plan doubles down on this failed plan to "privatize Medicare" giving millions to insurance companies.
In contrast President Obama gives savings back to seniors by filling the prescription "donut hole."
Ryan proposes giving all the donuts ($) to the insurance companies.
"Medicare Advantage" failed to reduce costs through competition in the marketplace. Costs under these "Advantage" plans skyrocketed as expenditures for things like "health club memberships" were incurred to entice membership.
The Republican plan is real "crony capitalism." It feeds profits and waste back into an already bloated insurance industry.
Don't let Republican ads fool you into thinking that "Medicare Advantage" and "Medicare" are the same thing.
The privatization of Medicare through Medicare Advantage is a bad idea.
An idea that has already been proven a failure.
Further information below
The Affordable Care Act --- The law makes significant reductions to Medicare Advantage, a subset of Medicare plans run by private insurers. Medicare Advantage was started under President George W. Bush, and the idea was that competition among the private insurers would reduce costs. But in recent years the plans have actually cost more than traditional Medicare. So the health care law scales back the payments to private insurers.
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