I haven't seen the actual plan, yet, but credit to Ryan and Wyden for working together to try and come up with a realistic solution to this serious problem. Should be interesting to see how the candidates react.
Ryan to announce plan to keep federally funded Medicare - The Washington PostHouse Budget Committee Chairman Paul Ryan, who has been castigated by Democrats and hailed by Republicans for his plan to privatize Medicare, will on Thursday unveil a new approach that would preserve the 46-year-old federal health program.
Working with Democratic Sen. Ron Wyden (Ore.), the Wisconsin Republican is developing a framework that would keep government-run Medicare as an option for new retirees starting in 2022, along with a variety of private plans.
Seniors would still receive a set amount of money from the government to buy insurance, as they would under the Medicare proposal Ryan included in the budget blueprint that passed the House last year. But the new approach would let that subsidy, known as premium support, rise or fall along with the actual cost of the policies — creating more protection for seniors and saving potentially far less in the budget.