Congressman Paul Ryan and Senator Ron Wyden have a new plan to reform Medicare. Joe Klein claps:

It doesn’t fully address the cost containment issue at the heart of Medicare. It doesn’t fully address the excesses of fee-for-service medicine. But it does recognize that you can’t simply repeal ObamaCare–that the health care system has to be reformed if we’re going to get a deficit problems under control. It also is clear evidence that there are compromises to be had, if politicians eschew cheap politics and begin thinking about the greater good.

Josh Barro's main criticism:

I like this proposal structurally. What I don’t like about it is another feature it keeps from Ryan’s original plan–it wouldn’t be effective until 2022, and then only for new retirees. That means, like Ryan’s proposal before it, it saves no money this decade and almost no money in the next decade. I understand the political impulse–it avoids impacting anybody now, so maybe Ryan and Wyden won’t get beaten up for taking away Granny’s benefits. But this delay is still a serious mistake–reforms should be effective immediately, and for current participants as well as new ones.

Noah Millman thinks the plan would cement Obamacare into law: