Question
The proposal to increase Medicare cost sharing (increasing premiums, deductible, and co-insurance) will deprived the elderly poor of needed medical services. Comment on this statement
The proposal to increase Medicare cost sharing (increasing premiums, deductible, and co-insurance) will deprived the elderly poor of needed medical services". Comment on this statement
2) You have recently been hired as a research assistant to the secretary of health and human services. To keep the administration informed on healthcare issues you have been asked to research options for changing the Medicare system. Current concerns stem from the fear that if Medicare remains an open ended entitlement program, its share of the federal budget will continue to increase over time. Prepare a brief memo to the secretary, examining at least one the following proposal changes. Use your best economic reasoning (just pick one of the three policies).
A. A freeze in the physicians fees and a requirement of mandatory assignment.
B. A plan to enroll everyone eligible for Medicare in managed-care networks and pay a fix, capitated amount per enrollee, equal to the current per couple of Medicare spending level.
C. Allowing all Medicare recipients to buy high deductible, insurance policies, and use the premium savings to set up a medical savings account.
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