The panel, led by former Sen. Pete Domenici (R-N.M.) and Alice Rivlin, the budget director under President Clinton, also proposed limiting per capita increases in Medicare spending and would allow beneficiaries to get coverage through private health plans.
But the Medicare proposals, part of a report released by the Bipartisan Policy Center, face opposition from AARP, and a Brookings Institution expert said they were politically unfeasible.
The panel also recommended phasing out the tax exclusion on employer-provided health care benefits eliminating the so-called Cadillac tax on high-cost plans, a provision of the new health law that takes effect in 2018.
Read the new Bipartisan Policy Center report.
Read more on payment cuts:
–Federal Debt Panel Proposes 20 Major Cuts for Hospitals, Physicians
–AHA Now Backing Repeal of Independent Payment Advisory Board
–GOP Will Target Independent Payment Advisory Board, Comparative Effectiveness Research in Reform Law
