The indispensible Heritage Foundation has a good takedown of the Medicare efforts in the Senate and the House. These bills create a situation in which drug costs will spiral out of control, where medical bills will only increase for all Americans, and a new unaccountable bureaucracy would be created. The prescription drug benefit to Medicare will only increase prices for those on private insurance, while decreasing the ability of drug companies to research and develop new cures for diseases.
A sensible plan for reform would be based on the Federal Employees Health Benefits Program, which sets a minimum set of criteria for private agencies providing health care to government programs. Such a plan allows for competition, lower costs, and a better range of benefits.
Instead, the Republican Party that ostensibly stands for limited and responsible government has created a new system that will only grow the federal government at a destructive rate. The short-term partisan interests inherent in the Medicare "reform" bills in the House and the Senate (although the House bill is less egregious) will only hurt future generations by saddling them with higher costs for healthcare, fewer new drugs, and another expansive, irresponsible, and wasteful government bureaucracy.