Magazine May 2, 2011, Issue

Paul Ryan’s Medicare Fix

(Darren Gygi)
How to improve health care and shore up the federal budget with one entitlement reform

Of all the sweeping reforms in Rep. Paul Ryan’s 2012 budget, none is more politically charged than the proposal to transform Medicare from what it is today — an entitlement with no spending bounds — into a “defined contribution” program with a fixed and predictable budget. “Radical.” “Extreme.” “Cruel.” “The end of Medicare as we know it.” The ink wasn’t dry on Ryan’s plan before groups in the Democratic political orbit began launching their rhetorical attacks. And don’t expect the demagoguery to end before November 2012.

Why did Representative Ryan include in his budget plan a controversial entitlement reform, giving Democrats

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The market functions well enough to bring Walmart to its senses. Alas, for Big Government, there are no such corrective mechanisms.

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