Medicare plan means big payday for Ryan from insurance companies | Wis.Community

Medicare plan means big payday for Ryan from insurance companies

Why, Madison's Capital Times asks, does Paul Ryan call for radical changes in Medicare and Medicaid when it would not balance the federal budget?

Because the insurance industry wants to turn Medicare and Medicaid into voucher programs that force retirees and low-income families to buy insurance coverage from private firms. That would steer federal money away from providing health care to those who need it and toward padding the profits of some of the most powerful and politically connected corporations in America...

The public opposes the plan, but Ryan hasn't backed off. Why? It's a huge money maker for Ryan.

Among all businesses, the top source of campaign money for Ryan over the course of his political career has been the insurance industry - more than $720,000 so far.

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Published

July 18, 2011 - 10:39am

Author

randomness