North Carolina’s senior U.S. senator, Republican Richard Burr, joined Oklahoma Republican Tom Coburn today to introduce a Medicare reform proposal that gets high marks from health care analyst and Forbes columnist Avik Roy.

The Seniors Choice Plan makes a number of serious moves to rein in Medicare costs while increasing patient choice. And it would end IPAB, the independent panel created by ObamaCare that, as Roy notes, “seeks ultimately to control which treatments seniors can receive, based on the board’s view of their cost-effectiveness.” (Sarah Palin called IPAB-like entities “death panels.”)

Since it’s an election year, Roy says, we won’t see any action on this before 2013 at the earliest. But he thinks it’s the best proposal yet to confront backbreaking entitlement costs, and should keep Burr in the headlines. Watch the senators discuss the plan in the video below.