Would Paul Ryan's budget abolish Medicare?

The GOP's House budget committee chairman proposes a thorough (and controversial) overhaul of government health programs

Rep. Paul Ryan's (R-Wis.) 2012 budget plan is being called ambitious and politically perilous for the major cuts it recommends for Medicare and Medicaid.
(Image credit: Corbis)

House Republicans on Tuesday unveiled a 2012 budget proposal promising $6.2 trillion in savings over the next decade, through spending cuts and savings on government health plans for the elderly and the poor. Liberals are enraged over the plan — crafted by GOP budget guru Rep. Paul Ryan (R-Wis.) — because they say it won't merely trim Medicare and Medicaid, but effectively destroy them. Is Ryan trying to save Medicare, or kill it?

The GOP wants to dismantle Medicare entirely: Ryan would essentially eliminate Medicare by "privatizing and voucherizing" it, says Paul Krugman at The New York Times. But that "does nothing whatsoever to control costs." It just saves money by "limiting the vouchers" so they won't keep up with rising health care costs — in other words, by "denying medical care to those who can't afford to top up their premiums."

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