Allowing private plans to compete with traditional Medicare will help lower costs and spur innovation.
Few issues draw more heated partisan rhetoric than the future of Medicare. Seniors are a reliable and powerful voting bloc, and both Republicans and Democrats are guilty of exploiting Medicare to frighten and entice voters. But turning discussions of Medicare's future into the third rail of American politics does nothing to guarantee that Medicare will continue to be a lifeline for America's seniors.
So, before the partisan attacks begin to escalate and the 2012 election ads start to air, we are outlining a plan for how Democrats and Republicans can work together to ensure that American retirees—now and forever—have quality, affordable health insurance.