House GOP eying major Medicare overhaul in 2017

House GOP eying major Medicare overhaul in 2017
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The head of the House Budget Committee said Thursday that lawmakers are eying an overhaul of Medicare next year.

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Budget Committee Chairman Tom Price (R-Ga.) said he expects lawmakers to push forward with an overhaul “within the first six to eight months” of President-elect Donald TrumpDonald TrumpSenate Dems offer 'corrected' version of WH press release on Trump's first 100 days Trump to meet with Australian prime minister next month Liberal group files complaint on Mar-a-Lago promotion MORE's administration.

He said it would be tackled through the budget tactic in the Senate called “reconciliation,” which allows major spending-related bills to pass the upper chamber without a veto.

“I think that’s probably in the second phase of reconciliation, which would have to be in the fiscal year 2018 budget,” Price added.

It's the first time that a House GOP leader has said officials are planning to fast-track an overhaul of Medicare in 2017.

It's unclear how far House Republicans will go in making changes to Medicare — a process that will especially tricky through reconciliation.

House Republicans have released a range of proposals, from eliminating the ObamaCare cost-cutting panel called the Independent Payment Advisory Board to a major shift that would phase out the publicly run program into private plans.

Overhauling Medicare has been a major goal for Speaker Paul RyanPaul RyanGOP gives ground on border wall, deportation in spending talks McConnell signals Republican-only path on tax reform Georgia campaigns keep up pressure ahead of runoff vote MORE (R-Wis.) since 2011.

Fiscal conservatives have also been eager for reform of the nation’s entitlement programs, which comprise the bulk of the federal mandatory spending not controlled by Congress.

This report was updated at 10:54 a.m.