The Huffington Post reported yesterday that Henry Arron, co-creator of the Medicare reform concept that Rep. Paul Ryan (R-Wis.) supports, no longer believes it is the best approach.
“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.”
In this C-Span video, Arron explains that he now believes Medicare Advantage plans are more costly than Original Medicare. Advantage Plans (aka, Medicare Part C) were introduced during the G.W. Bush Administration as a way for the free market to compete for business and lower the overall cost of Medicare.
Is this the beginning of the end for the Paul Ryan plan?