Restructuring Medicare

Testimony

Restructuring Medicare

Testimony before the the Senate Committee on Finance, Subcommittee on Health Care
February 27, 1997

Abstract

The discussion of "Restructuring Medicare" is really a question about how to make the market work well for Medicare beneficiaries and for taxpayers. Sadly, it is not as simple as setting the market absolutely free, for completely unregulated health insurance markets have not performed well for the elderly in the past and there are good reasons to believe they will need some structure in the future.

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