Competition with Constraints

Research Report

Competition with Constraints

Challenges Facing Medicare Reform
February 1, 2000

Abstract

Projected increases in Medicare's spending because of the high costs of health care and growing numbers of persons eligible for the program will create substantial challenges for taking Medicare into the twenty-first century. As a consequence, a number of proposals have been offered to reform Medicare with the goal of achieving substantial reductions in spending growth. Much of this debate over Medicare's future thus far has centered on whether or not to substantially restructure the program or to seek more limited reforms.

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