What the headline reads: Romney-Ryan would aim to overhaul Medicaid. It should say:
Romney/Ryan would aim to slash Medicaid by 34%
NEW YORK (CNNMoney) -- Medicaid and other safety net programs could undergo major changes if Mitt Romney and Paul Ryan win November's election.
Ryan, currently a House Republican and picked this weekend to be Romney's running mate, wants to turn Medicaid and food stamps into block grants and make recipients work for certain benefits, according to his budget proposal unveiled in March.
"We don't want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency, that drains them of their will and their incentive to make the most of their lives," Ryan said at the time.
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Ryan says his plan would curtail Medicaid spending by $810 billion over 10 years. In 2022, federal Medicaid funding would be about 34% less than states would receive under current law, according to an analysis by the Center on Budget and Policy Priorities.
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http://money.cnn.com/2012/08/13/news/economy/ryan-medicaid/?source=cnn_bin
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