Perspective
Mar. 19, 2013
Is Medicare fair? A few modest proposals for change
The numbers suggest that the average beneficiary gets back three times what they put in. By Brian Sheppard
The Obama administration has been opposing a premium support ("voucher" to others) on the argument that (1) the payments will only start out equal to what it costs the government to procure insurance; (2) that seniors cannot reasonably be expected to choose between insurance plans; and (3) that such further privatizing of Medicare is a waste of money. Last week former Obama economics adviser Larry Summers claimed that for every dollar ...
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