HOUSE GOP considers privatizing Medicare.

The idea of a Medicare voucher recently received bipartisan support from a debt reduction panel led by former Republican Sen. Pete Domenici of New Mexico and prominent Democratic economist Alice Rivlin, a former Federal Reserve vice chairman. Obama's own debt commission said the idea should be considered as an option if other strategies fail to get health care costs under control.

Under [Rep. Paul] Ryan's plan, current Medicare recipients would get to stay in the program. People within 10 years of eligibility - ages 55 to 64 - would also go into Medicare. But those now 54 and under would get a fixed payment from the government when they become eligible at age 65. They would be able to use the voucher to buy a Medicare-approved private plan from a menu of coverage levels and options.

Too good to be true, unfortunately. If only I were young enough to take advantage of such a plan.