Tuesday, May 24, 2011
NJToday.net http://njtoday.net/2011/05/24/candidate-cautions-of-cost-catastrophe/
NORTH PLAINFIELD—New Jersey residents could see their out-of-pocket expenses double under a Republican budget proposal that would end Medicare as we know it and turn it into a voucher program, according to an analysis by the U.S. Congress Joint Economic Committee.
“According to Congress’ Joint Economic Committee if the Ryan plan to turn Medicare into an inadequate voucher program, for which Congressman Lance voted, were to be signed into law, seniors across America would face bleak economic prospects,” said Ed Potosnak, a Democrat who seeks to challenge Republican Rep. Leonard Lance in 2012.
“But with the exception of Florida, there is no state more disastrously impacted than right here in New Jersey. Congressman Lance has seen these numbers and well knows that by 2022 out of pocket expenses for the typical 65-year old enrollee in New Jersey would jump from $6,832.43 to $13,892.47, the second biggest increase in America ($7,060.03). I’ll fight against that ever being enacted every day I’m in office.”
The report also shows that current Medicare beneficiaries will be harmed by the GOP budget, immediately losing preventive services such as mammograms and facing higher prescription drug costs.
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