The House Ways and Means Subcommittee on Health held a hearing on proposals to revise the Medicare program to a premium support program.
Premium support would change the way the Medicare system works and the government would pay a percentage toward the insurance premium for each person, with recipients choosing private plans to deliver their benefits.
The hearing reviewed the bipartisan support for implementing a premium support system and improving the program’s long-term financial health.
Premium support proposals include: "Guaranteed Choices to Strengthen Medicare and Health Security for All: Bipartisan Options for the Future," by Rep. Paul Ryan (R-Wis.) and Sen. Ron Wyden (D-Ore.); "The Path to Prosperity: A Blueprint for American Renewal" by Rep. Paul Ryan (R-Wis.); S. 2196, the “Congressional Health Care for Seniors Act of 2012,” introduced by Sen. Rand Paul (R-Ky.), "The Seniors' Choice Act" by Sens. Richard Burr (R-NC) and Tom Coburn (R-Okla.) and the "Domenici-Rivlin Protect Medicare Act" by Former Sen. Pete Domenici and Dr. Alice Rivlin.
Former Federal Reserve Vice Chairman and White House Budget Director, Alice Rivlin and Former U.S. Senator John Breaux testified before the Committee.
Rep. Wally Herger (R-CA) chaired the hearing.