The Wall Street Journal has an article that gives some insight into what we should expect this week from the House budget committee’s proposed fiscal year 2012 budget. U.S. Representative Paul Ryan, Republican of Wisconsin and House budget committee chairman, reportedly has a plan that would cut four trillion dollars from the federal budget over the next ten years, with most of those cuts targeted at Medicaid, Medicare, and Social Security.
Medicaid, Medicare, and Social Security make up 60% of the federal budget.
Apparently, Mr. Ryan wants to shift more of the burden of financing health care unto the individual by subsidizing what the elderly and poor should be paying in premiums.
Is Mr. Ryan’s approach the right one? Is part of government’s role to provide health care to Americans? If it’s in the interest of the federal government to have a healthy America, are there other ways to go about achieving that social policy without Medicaid and Medicare as we know it?