Business Roundtable backs Medicare privatization

Chained CPI has been less controversial on Capitol Hill, although many liberals still oppose any change that would reduce benefits for any entitlement program.

Chained CPI and even the higher Medicare age could find their way into upcoming negotiations over spending cuts to accompany an increase in the country's borrowing limit or to avert a government shutdown. The broader Medicare plan BRT endorsed, however, is a non-starter on the Hill.

BRT said the traditional Medicare program should compete with private plans  — similar to the controversial plan outlined by Ryan. He wants to see Medicare converted into a system of subsidies for private insurance, with the existing program preserved as an option.

BRT also endorsed more Medicare means-testing — an idea with bipartisan support.