Man who co-wrote Paul Ryan's medicare reform bill says it won't work. Do you think Paul Ryan will keep pushing it?
WASHINGTON -- The co-creator of the
concept that Rep. Paul Ryan (R-Wis.) is relying upon to reform Medicare
no longer thinks it will work. Henry Aaron, now of the Brookings Institution, got the chance to tell Ryan exactly why at a recent Capitol Hill hearing.
Aaron and former Urban Institute president Robert Reischauer came up with the idea of "premium support" in 1995, after the failure of then-First Lady Hillary Clinton's bid to reform the health care system.
The basic idea is simple: let people pick their health insurers in
the private market, subsidize the premiums, and competition will drive
down costs. That's the theory behind Ryan's plan, recently endorsed by
Sen. Ron Wyden (D-Ore.) in a white paper the two wrote.
It differs from Aaron's original vision -- in part because it has
fewer protections for beneficiaries -- but the essential concept is the
same. Aaron said this isn't the time to test it out.
"In the years since Bob Reischauer and I put this Idea forward, I've changed my mind," Aaron said at a hearing of the House Ways and Means Committee last week.
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