Ryan Budget: A Huge Opportunity to Improve Health Care | Michael F. Cannon | Cato Institute: Commentary

Ryan Budget: A Huge Opportunity to Improve Health Care | Michael F. Cannon | Cato Institute: Commentary: "Because vouchers enable seniors to keep the savings, they will do what ObamaCare won't: reduce the wasteful spending that permeates Medicare. Seniors will choose more economical health plans and put downward pressure on prices across the board. Indeed, vouchers are the only way to contain Medicare spending while protecting seniors from government rationing.

Skeptics worry that seniors will make bad decisions with their vouchers. They should keep in mind that, according to Obama's Council of Economic Advisers, 'nearly 30 percent of Medicare's costs could be saved without adverse health consequences.' In other words, vouchers come with a huge built-in margin of safety: seniors could consume one-third less care without harming their health."