Emma Berry

‘Revamping’ Medicare? The Word They’re Looking for Is ‘Slashing’

04/04/2011 by Jim Naureckas

Ryan’s plan is not very hard to explain: He wants to replace Medicare with a system where seniors would receive vouchers to buy health insurance. As the cost of health insurance rises every year, the value of the vouchers would rise by not as much. Eventually the difference between the value of the vouchers and the cost of buying health insurance, along with a similar scheme for cutting Medicaid reimbursements, would amount to $4 trillion–which would be the amount that would come out of the pockets of seniors and the poor, plus the amount of healthcare they would do without.

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QUEEN’S COMMENTS

Look no further than the man who owns the LA Times–Samuel Zell, a billionaire for the source of the misleading headlines.  What does he need Medicare for?  In fact he has little use for any one who is not in his class. In April 2008, Zell made a controversial comment about the subprime mortgage crisis  at a conference in Los Angeles, where he stated, “This country needs a cleansing. We need to clean out all those people who never should have bought in the first place, and not give them sympathy.”

Like many of  his bankster pals, Zell doesn’t mention that it wasn’t that these people couldn’t afford the homes, what they couldn’t afford was the ripoff terms that were provided by the banksters.  Frankly, I think it was part of a big setup to make money and the raise the rate out of affordability and collect the asset.  Real property is always worth more than a few scratches made in a ledger which is really all the banksters did.  They never risked any of their money–never.  It was all a big scam and they know it too.