Jeb Bush’s Plan to Privatize Medicare Would Be a Disaster

US Presidential contender Jeb Bush recently spoke out in favor of the old Paul Ryan plan to “phase out” Medicare and replace it with a voucher program:

Said Bush:

I think a lot of people recognize that we need to make sure we fulfill the commitment to people that have already received the benefits, that are receiving the benefits. But that we need to figure out a way to phase out this program for others and move to a new system that allows them to have something, because they’re not going to have anything.

When pressed on the point, Bush doubled down:

It took less than a day for me to be attacked for the very thing that I predicted would happen and that’s just ridiculous. We need to have a grown-up conversation about these issues.

Bush argues that if we do not privatize Medicare, the system will collapse. Consequently, he thinks those who disagree with him are not taking the issue seriously. But this argument is grossly misleading–Medicare is in a much stronger financial position than Bush would have us believe, and a privatized system would sharply increase healthcare costs for seniors.

Read the rest of this entry »