Fixing Medicare requires seniors to pay quite a bit more

Higher payments would cut Medicare expenditures. They would also compel beneficiaries to be more price sensitive and better balance benefits against costs.

In the Obama campaign's attack on the Romney-Ryan proposal to "voucherize" Medicare, one accusation is that the plan would force seniors to pay more of their healthcare costs: about $6,400 more per beneficiary, according to a recent TV ad known as "Facts." Regardless of the "facts" in the ad, this attack takes as a given that any such outcome is undesirable.

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