GOP's Paul Ryan has a new plan for Medicare

WASHINGTON (AP) - Wisconsin Rep. Paul Ryan says he has a new
plan for Medicare. This time his co-author is Democratic Sen. Ron
Wyden of Oregon.
The top Republican budget writer in the House created a stir
this year with a financial plan that essentially privatized
Medicare for future retirees. The Senate rejected it after a
backlash. Democrats want to use that plan against Republicans in
2012.
The new Wyden-Ryan plan would keep traditional Medicare as an
option for future retirees and leave the eligibility age at 65. But
it also sets up a regulated competition with private insurance.
Seniors in private plans would get a fixed payment from the
government that's more generous than in Ryan's original plan.
Wyden and Ryan say they want to start a bipartisan dialogue on
Medicare.


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