Report Finds Increased out of Pocket Medicare Costs Soar Under Ryan Budget More than $7k

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FOR IMMEDIATE RELEASE

Contact: George at 908-691-4770, press@edpotosnak.com

May 23rd, 2011

Report Finds Increased out of Pocket Medicare Costs Soar Under Ryan Budget by More than $7k

North Plainfield, NJ—Ed Potosnak, the 2012 Democratic Candidate for United States Congress in NJ's 7th Congressional District released the following statement regarding the new report by the U.S. Congress Joint Economic Committee.

A new state-by-state analysis by the U.S. Congress Joint Economic Committee (JEC) released late last week finds that in every state, out-of-pocket health care costs will more than double for residents turning 65 in 2022 under the Republican budget, the so called "Ryan Plan" passed by House Republicans in April.

Congressman Leonard Lance supported the Ryan budget, which ends Medicare as we know it, turning Medicare into a voucher program.

The non-partisan Congressional Budget Office estimated that a typical 65-year-old Medicare beneficiary in 2022 would see their out-of-pocket health care costs increase from $6,154 to $12,513 under the Republican budget. Using that data along with cost-sharing data from the Centers for Medicare and Medicaid Services, the JEC has estimated out-of-pocket costs on a state-by-state basis. While the increase varies by state, residents in all states will see their out-of-pocket expenses more than double when they turn 65 in 2022.

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.

Potosnak responded to the new report saying "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. 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."

Mr. Potosnak said, "Congressman Lance has changed since going to Washington, and his ever-changing policy positions are damaging America's future–Mr. Lance is not representing our families and businesses."

On June 18th, Congressman Barney Frank will be the keynote speaker at a fundraising event in support of Ed Potosnak's 2012 campaign for Congress in Warren, Somerset County, NJ.

JEC Press Release Available at: http://jec.senate.gov/public/index.cfm?p=PressReleases&ContentRecord_id=00c85d5e-8fff-48e4-aabf-5cc4f7b2350f

State by State analysis: http://webcache.googleusercontent.com/search?q=cache:A9Ci01SvA_4J:jec.senate.gov/public/index.cfm%3Fa%3DFiles.Serve%26File_id%3D0d00ca30-ba73-4f5d-a19d-8ec918f76d30+http://jec.senate.gov/public/index.cfm%3Fa%3DFiles.Serve%26File_id%3D0d00ca30-ba73-4f5d-a19d-8ec918f76d30&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a&source=www.google.com

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Ed Potosnak put himself through Rutgers to become a scientist and a teacher. He was born and raised in New Jersey. Growing up, he worked in his parents' small business, manufacturing lifesaving communications equipment for police officers and emergency responders. Ed taught chemistry for over a decade at Bridgewater-Raritan Regional High School and as an adjunct professor at Rutgers. He wrote and researched education policy as an Albert Einstein Distinguished Education Fellow. An entrepreneur and businessman at heart, Potosnak owns a small home repair business and lives in North Plainfield. Ed is openly gay.



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