Rep. Paul Ryan, chair of the House Budget Committee, narrates a good video using “sticky” visuals about howis a financial train wreck, and how converting it to a voucher program for (not-so-private) insurance plans would be an improvement.
Read full text of video.
Oddly, this sounds like “health insurance exchanges” for Medicare. Certainly not ideal, but an improvement over Medicare now – a move in the right direction toward free-markets. However, replacing the direct-purchase insurance market (non-group) with government run exchanges is a move in the wrong direction.
For a good critique of Paul Ryan’s budget plan, check out the NPR piece (!) that summarizes Reason.com editor Nick Gillespie’s article, ‘Paul Ryan’s Budget Plan: The Good, The Bad, & The Ugly.
Also check out this primer on free-market Medicare reform.