Everyone knows the program is the big long-term problem in the federal budget. Here are three basic principles for what it should look like.
http://www.latimes.com/news/opinion/commentary/la-oe-welch-medicare-20111016,0,4689958.story-snip-
My Medicare would be guided by three basic principles:
It should not bankrupt our children. Let's be clear: Medicare is rightly the central source of concern in the deficit debate. Its expenditures are totally out of control, and represent a huge income transfer to the elderly from their children. It's a program crying out for a budget.
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It should not waste money on low-yield medicine. I don't change my Volvo's oil every 1,500 miles, even though some mechanics might argue that it would be better for its engine. Nor do I buy new tires every 10,000 miles, even though doing so would arguably make my car safer. But in Medicare (as well as the rest of U.S. medical care) such low-yield interventions are routine.
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It should recognize the value of having time to talk with your doctor. The current system rewards physicians for doing things to patients, not for talking with them. Not surprisingly, we do too much. Too many clinic visits lead to another medication being started, another test being ordered and a referral to another physician. The end result is totally predictable: too many medicines, too much testing and too many cooks in the kitchen.
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