August 21, 2012
One of the casualties of the presidential campaign could be the potential for a constructive look at Medicare.
Both candidates are busily assailing the other's ideas for controlling Medicare costs, essentially as a way to scare up votes from seniors.
The Romney-Ryan ticket says President Barack Obama's health reform changes to Medicare will cut $700 billion from the program. Obama says Rep. Paul Ryan's budget turns Medicare into a voucher system that will leave seniors short when it comes to covering medical costs.
For the record, Obama's criticisms are closer to the mark, and Romney and Ryan are talking absurdities. The president's health reforms extract savings from Medicare mostly by cutting reimbursements to hospitals and from the Medicare Advantage program.