Journal Article

Medicare: usual and customary remedies will no longer work


Abstract: A description of the structural deficiencies that have led to Medicare's impending bankruptcy, and a discussion of the merits of alternative approaches to extending the program's long-term viability. The author argues that the best approach is to adopt a \\"defined contribution\\" plan that will restore consumers' interest in economizing on health care services and boost competition among providers and insurers.

Keywords: Medicare;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1997

Issue: Apr

Order Number: 1