The new plan, proposed by Republican Rep. Paul Ryan of Wisconsin and Democratic Senator Ron Wyden of Oregon, would give seniors the option of getting traditional Medicare (health insurance for Government-run) or purchase private insurance. Seniors will receive subsidies, called “premium” support, “to spend on a good choice. The plan will go into effect 2022 and will continue to Medicare eligibility age to 65.
At the beginning of the year, Ryan posed more conservative idea that will be completely removed the Government-run Medicare to provide “premium support” vouchers for private insurance. The plan was endorsed by the Republican-controlled House, but it makes a fuss among Democrats who charge would essentially gut popular Medicare system.