CEPR: RyanCare is a $36 Trillion Tax on Seniors

Hoo boy! Charlie Dent will be lucky to get any senior votes in 2012:

A new report by economists at the liberal Center for Economic and Policy Research looks at House Republicans’ plan for privatizing Medicare from a new angle, and finds that it could increase health care costs for beneficiaries by a staggering $34 trillion over 75 years.

You won’t find these expenditures on the government ledger. They represent the amount of money Medicare beneficiaries would have to pay out of pocket if they wanted to buy insurance policies that provide Medicare-equivalent benefits.

Of course, despite Republican claims to the contrary, this will absolutely destabilize benefits for today’s seniors.

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