Gramm, NCPA to Offer First-of-Its Kind Medicare Reform

Washington, D.C. - The National Center for Policy Analysis (NCPA) and Texas Senator Phil Gramm will hold a press conference tomorrow at the National Press Club to release a study outlining a first-of-its kind proposal to fundamentally reform the nation's Medicare system. The study proposes the creation of private savings accounts for Medicare, similar to what the President and the Congress are discussing for Social Security. Employees would be able to deposit their Medicare tax dollars into personal savings accounts that would fund private health insurance after their retirement.

In addition to the study's authors - Texas A & M economist Thomas R. Saving and Andrew Rettenmaier, speakers will include Texas Senator Phil Gramm, NCPA President John C. Goodman and Merrill Matthews, NCPA vice president of domestic policy.

The National Center for Policy Analysis
Senator Phil Gramm
Thomas R. Saving - Texas A&M distinguished professor of economics and director of the university's Private Enterprise Research Center.
Andrew Rettenmaier - research associate at the Texas A&M center.
John C. Goodman - NCPA President.
Merrill Matthews - NCPA Vice President of Domestic Policy.

Press Conference to Release the NCPA Study
"Saving Medicare"

Wednesday, January 20, 1999
9:45 a.m.

The West Room (Ballroom)
The National Press Club
529 14th Street, NW
Washington, DC

For a copy of "Saving Medicare" or to get more information on the press conference contact Joan Kirby in the NCPA's Washington office at 202-220-3082. "Saving Medicare" is also available at