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.
At The Medicare Congress 2012, Fred Barnes, Executive Editor, The Weekly Standard and Commentator, FOX News will be on hand to present 2012 Election Outlook – Examine Today’s Headlines to
Find the Real Signals and Implications for ACA. In addition to uncertainty of the unsustainability of the system, elections take place next year, leading to more uncertainty of who will be in power to make the decisions to make the changes needed to fix the Medicare system. As a reader of this blog, when you register to join us in Orlando from February 6-8, 2012, and mention code XP1706BLOG, you receive a 25% discount off the standard rate!
Do you see this as a plan that could lead to the sustainability of the Medicare System? What would hold back from Congress members?
