FAIRFIELD, CA – Congressman John Garamendi (D-Fairfield, CA), California's Insurance Commissioner for eight years, today highlighted a new report by the Kaiser Family Foundation
that shows California seniors would, on average, face an increase of over $100 per month in traditional Medicare premium costs under the Ryan-Republican plan to replace Medicare with an underfunded voucher system. The study also found that removing the Medicare guarantee and replacing it with a voucher or "premium support" system would produce higher premiums for six in ten American seniors.
"California's seniors, and every Californian who will become a senior, have good reason to be concerned about the changes to Medicare that almost every Republican in Congress voted to implement," said Congressman Garamendi, who has made protecting the Medicare guarantee a top priority. "The Ryan-Republican plan to end the Medicare guarantee would raise premiums paid by California seniors in the traditional Medicare program, on average, by at least $1,200 a year. This is effectively a regressive tax increase targeting middle class and lower income seniors, and so long as I'm in Congress, I'll do all I can stop their plan from becoming law."