Senator Orrin Hatch (R-UT), the ranking member of the Finance Committee, released five ideas to change Medicare and Medicaid that he suggests should be included in a deficit reduction package. In Medicaid, Senator Hatch suggests limiting the amount of federal dollars spent for each Medicaid beneficiary (per capita caps). The suggestions for Medicare are similar to Representative Paul Ryan’s (R-WI). Under Senator Hatch’s plan, beneficiaries would receive a fixed amount of money to purchase private health insurance coverage or traditional Medicare. Senator Hatch also suggests increasing the eligibility age over time until it reaches 67 (currently the eligibility age is 65). The remaining ideas concern Medigap policies and creating combined annual deductibles and a catastrophic cap.