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GOP Reveals Party Platform to Completely Gut Medicare and Privatize It

August 27, 2012 at 5:35 pm by: seeta Category: 2012 Election, Anti-Racism, Civil Rights, Economic Terrorism, Intersectionality, Poverty

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From TPM:

The platform, snagged by Politico on Friday afternoon after the Republican National Committee accidentally posted it to its website before taking it down, is scheduled to be approved at the convention early this week.

The text details the privatization policy that GOP lawmakers have supported for years, and that Mitt Romney and Paul Ryan are selling as necessary to “save” Medicare. But in an unusual twist, it addresses the specific aspect of the proposal that makes it a departure from what Americans know as “Medicare.”

“The first step is to move the two programs [Medicare and Medicaid] away from their current unsustainable defined-benefit entitlement model to a fiscally sound defined-contribution model,” the draft platform reads. “While retaining the option of traditional Medicare in competition with private plans, we call for a transition to a premium-support model for Medicare, with an income-adjusted contribution toward a health plan of the enrollee’s choice. This model will include private health insurance plans that provide catastrophic protection, to ensure the continuation of doctor-patient relationships.”

The esoteric language gets to the heart of the change that ends the basic structure of Medicare. Since its inception in 1965, Medicare has been a government-run insurance program that directly pays medical bills for the elderly per their needs (i.e. “defined benefit”). Republicans want to turn it into a partially privatized system that pays seniors a fixed amount to buy their own health insurance (i.e. “defined contribution”).

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The nonpartisan Congressional Budget Office has found that the Republican plan will raise seniors’ out-of-pocket medical expenses by thousands of dollars