According to Money.CNN.com:
"Starting in 2022, the House GOP resolution would convert Medicare -- the health care program for seniors -- into a voucher program, or what Ryan calls a premium-support model. Under such a system, seniors would choose from a Medicare-approved list of private insurance plans and the cost of their chosen plan would be subsidized in part by the federal government."
And with regard to Medicaid reform, CNN.com reported that
"The resolution would also convert the federal government's payments for Medicaid -- the health program for the poor and disabled -- into a block grant to be allocated among states. Currently, federal payments to states are determined by a formula."
Read the complete Money.CNN.com story HERE.
The GOP Path to Prosperity by Paul Ryan was posted to the Wall Street Journal website on Monday (April 4) evening. In that op-ed piece, Representative Ryan said
"The open-ended, blank-check nature of the Medicare subsidy threatens the solvency of this critical program and creates inexcusable levels of waste,"
He also stated:
"The new health-care law is a fiscal train wreck."
Click the link to see the Paul Ryan video:
"If you think healthcare is expensive now, wait until it's free," states House Representative, Paul Ryan (R), Wisconsin.