Other parts of the plan include raising premiums for high-income Medicare beneficiaries, reworking co-pays that would put more financial responsibility on routine medical bills and limiting the use of private supplemental insurance, according to the report. Additionally, the transition to mostly privatized Medicare would be in place by 2016.
Sen. Ron Wyden (D-Ore.) and Rep. Paul Ryan (R-Wis.) released a Medicare proposal this past December that had some of the elements of this most recent plan, although no action was taken on it. The Coburn-Burr plan, which has not been reviewed by the Congressional Budget Office, is not expected to make much headway in Congress during this election year.
The entire plan can be viewed here (pdf).
Related Articles on Medicare Overhauls:
Sen. Ron Wyden, Rep. Paul Ryan Introduce New Plan for Medicare
White House: New Wyden-Ryan Plan Would “Undermine” Medicare
House Speaker ‘Not Wedded’ to Medicare Overhaul
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
