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March 17, 2011 at 08:00 PM
A former Clinton administration official went to Capitol Hill to drum up support for a proposal for saving Medicare.
Alice Rivlin, who was director of the Office of Management and Budget under President Clinton, recommended today at House Budget Committee hearing on health and retirement security that Congress replace the current basic Medicare program with a system that would have Medicare enrollees choose from private Medicare plans sold through a new Medicare Exchange.
Rivlin developed the Medicare Exchange proposal together with Rep. Paul Ryan, R-Wis., the chairman of the Budget Committee.
Today, she said, private insurers usually sell Medicare Advantage products through one-on-marketing.
“A more formal exchange could make it easier for beneficiaries to compare and select among the plans available to them in head-to-head comparisons, reduce sales and marketing costs of the plans, and create better value for enrollees,” Rivlin said, according to a written version of her remarks on the Medicare Exchange and other ideas provided by the Budget Committee.
