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Reforming Medicare - Options, Tradeoffs, and Opportunities (Paperback)
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Reforming Medicare - Options, Tradeoffs, and Opportunities (Paperback)
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"Everyone agrees on the need to reform Medicare but not on how to
do it. Some argue the program is too comprehensive, others that it
is not comprehensive enough. Some suggest it pays too much for
health care, others, too little. Meanwhile, the financial stakes
continue to mount. Medicare spending exceeded $400 billion in 2007,
making it more expensive than the entire health systems of most
other nations, as well as the largest national public program other
than Social Security and national defense. In R eforming Medicare,
Henry J. Aaron and Jeanne M. Lambrew deftly guide readers through
this complex debate. They identify and analyze the three leading
approaches to reform. Updated social insurance would retain the
current system while rationalizing coverage and reducing
bureaucracy. Premium support would replace the current system with
a capped, per-person payment that beneficiaries could use to buy
health insurance. Consumer-directed Medicare would have
beneficiaries pay for care up to a high deductible from government-
supported savings accounts and offer premium-support coverage above
the deductible. In addition to rating each option on its ability to
promote access to health care, improve the quality of care, and
control costs, the authors evaluate each reform's political
strengths and weaknesses. Given the heat generated by the Medicare
debate, it is unlikely that any single approach will be implemented
in full. Consequently, Aaron and Lambrew describe incremental
strategies that blend elements of each plan. Their analysis
provides essential insight into the types of hybrid policies that
Congress will consider in coming years. "
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