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Medicare Premium Support getting another look

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Author Topic: Medicare Premium Support getting another look  (Read 1053 times)
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lil mike
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« on: December 15, 2011, 07:43:37 pm »

That was quick...

http://www.forbes.com/sites/aroy/2011/12/15/ron-wyden-and-paul-ryans-bipartisan-plan-for-health-care-and-medicare-reform/

Ron Wyden and Paul Ryan's Bipartisan Plan for Health Care and Medicare Reform

This morning, Democratic Sen. Ron Wyden (Ore.) and Republican Rep. Paul Ryan (Wis.) have shaken up Capitol Hill with an intriguing, bipartisan plan for reforming Medicare, and also the private-sector employer-sponsored insurance system. Politically, the plan is a huge boost to Mitt Romney, whose own remarks on Medicare reform hew closely to Wyden-Ryan; and also to House Republicans, who now have an easy retort to Democrats who were planning to attack Medicare reformers in the 2012 campaign. Substantively, the plan has many encouraging qualities, but there are also some important blanks that Wyden and Ryan will need to fill in.

Premium support with competitive bidding

The heart of the Wyden-Ryan plan is to use competitive bidding to allow private insurers to compete with traditional, 1965-vintage fee-for-service Medicare. If you want to learn more about competitive bidding, see this piece I wrote about Mitt Romney’s proposal for Medicare reform. If that doesn’t quench your thirst, you can read the definitive book on competitive bidding: Bring Market Prices to Medicare, by Robert Coulam, Roger Feldman, and Bryan Dowd.
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