Healthcare as a commodity – a financing mechanism to control costs and ensure access

Aaron Liberman and Timothy Rotarius

International Journal of Public Policy, 2006, vol. 1, issue 4, 407-420

Abstract: The US healthcare system is experiencing a funding shortfall that constrains efforts to provide healthcare to our citizens. Patients are no longer sure they will receive adequate healthcare during their senior years. One solution is to create an annuity at birth for each individual. This annuity will mature at age 65, with proceeds used for healthcare for the rest of one's life. The total investment for this annuity programme will come from the Federal government at the rate of $1000 per year for the first 3 years of one's life. The use of annuities, with their interest compounding concept, means that a minor investment by the Federal government results in substantial dollars being available to pay for healthcare at age 65.

Keywords: commodity; cost control; financing mechanisms; healthcare delivery; Medicare; stakeholders; public policy; annuities; senior citizens; elderly; old age; retirement; United States; USA. (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=10846 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:1:y:2006:i:4:p:407-420

Access Statistics for this article

More articles in International Journal of Public Policy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().