Medicare Auction Reform
Peter Cramton ()
Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton
Controlling Medicare costs is essential to our health care system. Yet as we look to the future, unfunded Medicare expenses are estimated to be about 70 trillion dollars—an unsustainable amount. Effective use of market methods in Medicare is our best hope for controlling these costs while maintaining quality. Unfortunately, the current Medicare auction program is fatally flawed. This 12-minute video summarizes the problems and the solution. Experts from government and industry voice their concerns and propose a path forward.
Keywords: Medicare auctions; health care auctions; procurement auctions (search for similar items in EconPapers)
JEL-codes: D44 I18 (search for similar items in EconPapers)
Date: 2012, Revised 2012
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Published in Vimeo, July 2011
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Working Paper: Medicare Auction Reform (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pcc:pccumd:11marv
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