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U.S. Senator Ron Wyden of Oregon and Representative Paul Ryan of Wisconsin are promoting a bi-partisan plan to overhaul Medicare. The two held a breakfast discussion this morning in Washington, D.C. Their plan involves a framework that would offer traditional government run Medicare as an option for future retirees, along with a variety of private plans. They say their plan will help prevent Medicare spending from swamping the federal budget. But early analyses indicate it would create higher out of pocket costs for Medicare beneficiaries.

 

 

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