No, Congress should not even consider eliminating Medicare in favor of private health insurance. People who are and will be Medicare beneficiaries have contributed to it for their length of their working lives. Private health insurance providers are only interested in profits. They are not interest in quality of care. They shouldn't eliminate Medicare, they should find ways to make it more efficient.
Medicare is of great importance to the health and happiness of elderly people and should continue under government administration. Obamacare has demonstrated that private insurance companies will not undertake business unless it is profitable; but the care of elderly people is a country's moral duty, not something that should be subject to considerations of financial profit.
Ryan says current beneficiaries will be allowed to keep their Medicare. Says. But after the cord is cut between current and future beneficiaries, everything is fair game. For those entering the system, Ryan proposes phasing out Medicare and replacing it private insurance with subsidies to help seniors afford the private insurance. That is unquestionably what it means because that is what Ryan says. So if you're nearing retirement and looking forward to going on Medicare, good luck. You're going to get private insurance but you'll get some subsidies from the government to pay the bill.
No, phasing out medicare could potentially leave thousands of needy families without proper access to healthcare. Private health insurance is simply not affordable to individuals and families living below the poverty line. As a country, I believe it is our duty to care for our less fortunate citizens. Cutting funding to Medicare would do more harm than good and could even have a negative impact on the economy as sicker people means a higher unemployment rate.