Tuesday, December 20, 2011

Could a bipartisan plan lead to a breakthrough in Medicare sustainability?

Last week, Democratic senator, Ron Wyden of Oregon, and a Republican member of the House, Paul D. Ryan of Wisconsin, proposed a new plan for Medicare that could help solve the problem of the system that is unsustainable for the US Government as it stands.

In the new plan, specifically created by members from both parties, this new plan looks to implement significant structural changes and limit the current open-ended commitment to sustaining the system from the government.  A health insurance exchange would b created for the beneficiaries, and growth would be capped.  The governmental would not be required to pay more the rate of the economy plus 1%.  The government would also cut payments to those beneficiaries who typically overspend.  For a more in-depth look at the proposed changes, visit the New York Times article.

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Do you see this as a plan that could lead to the sustainability of the Medicare System?  What would hold back from Congress members?

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