Medicare: usual and customary remedies will no longer work

Jagadeesh Gokhale

Economic Commentary, 1997, issue Apr

Abstract: A description of the structural deficiencies that have led to Medicare's impending bankruptcy, and a discussion of the merits of alternative approaches to extending the program's long-term viability. The author argues that the best approach is to adopt a \\"defined contribution\\" plan that will restore consumers' interest in economizing on health care services and boost competition among providers and insurers.

Keywords: Medicare (search for similar items in EconPapers)
Date: 1997
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