Burr accepted over $1 million from the insurance industry, then wrote a Medicare plan that would put money in their pockets
The DSCC released a new ad in North Carolina highlighting how Senator Richard Burr has spent 20 years in Washington serving himself at the expense of hardworking North Carolinians. Senator Burr has taken more than $1 million from the insurance industry, and in return he wrote his own plan to privatize Medicare. While his plan would put billions of dollars into the pockets of his insurance industry backers, it would raise costs for North Carolina seniors by 9%.
The ad, “You” can be viewed HERE.
“After two decades in Washington, Richard Burr is more focused on making his own life better even if it costs North Carolina families and seniors,” said Sadie Weiner, DSCC Communications Director. “Burr took a million dollars from the insurance industry and wrote a Medicare plan that benefits insurance companies while raising costs for seniors. It’s clear that Richard Burr is serving himself instead of the people who elected him, and that’s just not working for North Carolina.”
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V/O: What would you do if you were sent to Washington? Cut the debt? Create some good jobs?
GFX: What would you do?
V/O: You’d make people’s lives better.
GFX: Make People’s Lives Better
V/O: In Washington, Richard Burr has made his own life better.
GFX: Richard Burr Made His Own Life Better
V/O: Richard Burr took one point one million dollars from the insurance industry…
GFX: Richard Burr Campaigns Took $1.1 Million From Insurance Industry -Center for Responsive Politics
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BURR HAS TAKEN OVER $1.1 MILLION FROM THE INSURANCE INDUSTRY DURING HIS CAREER
Burr Has Received $1.1 Million From Insurance Interests. Over the course of his political career Burr has received a total of $1,197,289 from insurance industry interests. [Center for Responsive Politics, Accessed 9/30/16] |
V/O: …and wrote a plan to privatize Medicare.
GFX: Richard Burr Wrote Plan To Privatize Medicare -AP, 2/16/12
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BURR INTRODUCED A PLAN TO PRIVATIZE MEDICARE, WHICH WAS DERIDED AS THE RYAN PLAN “ON STEROIDS”
2012: Associated Press: Burr Unveiled His Own Medicare Privatization Plan, Which Would “Start The Transition To A System Dominated By Private Insurance Plans” Faster Than The Ryan Plan. “Two Republican senators unveiled a Medicare overhaul Thursday that features an accelerated transition to private health insurance for many seniors, a gradual increase in the eligibility age, and higher premiums for middle-class and upper-income retirees. […] Like Ryan, Coburn and Burr would gradually raise the eligibility age to 67. But their plan also differs in several important ways. It would start the transition to a system dominated by private insurance plans in 2016 instead of waiting a decade, as Ryan has proposed. Private plans would compete with a government-sponsored program, a retooled version of today’s Medicare. Seniors would get a fixed amount from the government which they could apply toward a private plan or the government plan modeled on Medicare. Benefits would not be spelled out, but all plans would have to meet a test of basic insurance value.” [Associated Press, 2/16/12]
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V/O: The insurance industry would make billions, while you pay more.
GFX: Richard Burr Insurance Industry Would Make Billions You Pay More -New Republic, 9/8/12; Winston Salem Journal, 2/18/12
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MEDICARE PRIVATIZATION WOULD MEAN UP TO $26 BILLION IN ADDITIONAL PROFITS FOR THE INSURANCE INDUSTRY
Analysis: Under Ryan Budget Medicare Privatization, “By 2030, New Profits For Private Insurers Would Be As High As $16 To $26 Billion.” “Via e-mail, Cutler told me it’s possible to estimate, roughly, how much the insurers would benefit from this change: ‘According to the CBO, people aged 65 in 2023 (the first year of the voucher) are expected to account for 4 percent of the $1.23 trillion in Medicare spending anticipated in that year. Not all of this revenue would be newly available to private plans; some of these expenditures currently flow through private Part D plans, some of the voucher recipients would have voluntarily chosen to enroll in a Medicare Advantage plan anyway, and some would not do so in any case. After making adjustments for the Part D spending and those who would have been in MA already, an estimated $31 billion in Medicare funds would be newly available to private plans in 2023. The GAO has estimated that insurers earn profits of between 4.1% and 6.6% on revenue. Thus, the newly available private insurer revenues would generate private profits of $1.3-$2.1 billion in 2023. These profits would quickly mount. By 2030, new profits for private insurers would be as high as $16 to $26 billion.’” [New Republic, 9/8/12]
BURR MEDICARE PRIVATIZATION PLAN WOULD INCREASE PREMIUMS BY 9 PERCENT
Winston Salem Journal: Burr Medicare Privatization Plan Contained A “9 Percent Increase” In Medicare Premiums. “Republican U.S. Sens. Richard Burr of Winston-Salem and Tom Coburn on Thursday unveiled their plan for changing Medicare, the government-run health-care program for seniors. The plan would offer seniors, starting in 2016, the choice to stick with the government-run fee for-service program, or choose health insurance policies offered by private companies that would bid for the right to participate in the Medicare program. According to Burr, the Seniors’ Choice Act also would: Provide a maximum out-of-pocket protection so that a senior would not have to pay more than $7,500 per year in medical expenses. Gradually raise the age of eligibility for participating in Medicare by two months for each year until age 67, starting with people born in 1949. Gradually increase the premiums on Medicare by an average of 3 percent each year beginning in 2013 so that a 9 percent increase is accomplished by 2016.” [Winston Salem Journal, 2/18/12]
Kaiser Family Foundation: Burr Medicare Privatization Plan Contained A “9 Percent Increase” In Medicare Premiums. “Burr-Coburn ‘Seniors’ Choice Act’ February 16, 2012 Part B premiums would be increased by 3 percent of Part A and B program costs each year, beginning in 2013, to achieve a 9 percent increase prior to implementation of premium support in 2016. Beneficiaries would pay the difference between the defined federal contribution and the bid for the plan in which they chose to enroll. Unclear how the Part B and Part D formulas would be calculated or applied beginning in 2016.” [Kaiser Family Foundation, 7/26/12]
Burr Medicare Plan Would Raise Standard Medicare Part B Premiums By 9 Percent, Up To Roughly $240 Annually. “Burr–Coburn would raise the standard Medicare Part B premiums from 25 percent to 34 percent of total premium costs over three years. The Senators say that the impact would be on the order of roughly $15 to $20 per month.” [Heritage Foundation, 4/4/12]
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V/O: Richard Burr. Twenty years in Washington … serving himself.
GFX: Richard Burr 20 Years In Washington Serving Himself
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BURR HAS SERVED IN CONGRESS FOR 21 YEARS
Charlotte Observer: Burr Has Served In Congress Since 1995, 21 Years Total. “Burr said that after serving in Congress since 1995 – he spent 10 years in the U.S. House before running for Senate – it will be time for a new generation of leaders to take over. Asked why he’s announcing his plans in the midst of a heated re-election campaign, Burr cited his wife, Brooke.” [Charlotte Observer, 7/20/16]
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V/O: DSCC is responsible for the content of this advertising.
GFX: PAID FOR BY DSCC, WWW.DSCC.ORG, AND NOT AUTHORIZED BY ANY CANDIDATE OR CANDIDATE’S COMMITTEE. DSCC IS RESPONSIBLE FOR THE CONTENT OF THIS ADVERTISING.
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