For Medicare to be sustained, this culture of dependence - and the habits it breeds, namely waste, excessive pricing, and overuse of unnecessary services - should be the first priority for the chopping block. The amount of waste in the Medicare program is equivalent to the entire economy of New Zealand. While some politicians point to the culture of dependence of the public on Medicare, the authors suggest that policymakers turn their attention to the culture of dependence of the healthcare industry on Medicare, which is the predominant force pushing the program toward a fiscal cliff. Gibson and Singh reveal how the industry’s interests are often at odds with those of seniors and boomers. The ties that bind Wall Street and Washington in the healthcare industry are strong, and they will play an outsized role in determining Medicare’s future. Its beneficiaries include hospitals, doctors, drug companies, device manufacturers, Wall Street investment banks, private equity firms, hedge funds, and others that rely on the $600 billion that Medicare spends a year. It is also the largest entitlement-based program for any business sector in the US economy. Medicare is known as an entitlement for the nation’s seniors. Will Medicare continue to exist as we have known it? Will it be there when you need it? How much will it cost? As the future of Medicare is debated in Washington, Rosemary Gibson and Janardan Prasad Singh shine a light on a rarely-seen side of this storied program: the business of Medicare.
If you are a Gen-X or Gen-Y, you are contributing to Medicare from your paycheck. If you have turned 65, you already depend on Medicare.
If you are a boomer, you are counting on Medicare to protect you from the cost of health care when you retire. This book was released on with total page 152 pages.
The Future of the Medicare Program Read Freeĭownload or read book Medicare Meltdown written by Rosemary Gibson and published by Rowman & Littlefield Publishers. Having researched Medicare since 1981, Moon recasts her book by discussing issues including Medicare’s context, ensuring access, containing costs, the Medicare Catastrophic Coverage Act, the potential for marginal changes, reducing costs, expanding Medicare and ultimately how Medicare should look to change.
In particular, the novel issue of means testing is explored. With Medicare 10% of the federal budget at the original time of publication, Marilyn Moon now takes another look at Medicare and discusses how the budget could be tightened without threatening the function of Medicare, with an emphasis on better targeting. An original goal of this book was to contextualise Medicare within the anticipated comprehensive restructuring of American healthcare.
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First passed in 1965 to aid payments for elderly and disabled medical care, the costs had ballooned in the 1990s, asking questions about how to improve its efficiency. Book excerpt: First published in 1997, this volume approaches the controversial issue of Medicare and its future. This book was released on with total page 274 pages.
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Download or read book Medicare Now and in the Future written by Marilyn Moon and published by Routledge.
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