Wednesday, July 18, 2012
Richard Kaplan (Illinois) has published an article entitled “Top Ten Myths of Medicare,” which has just appeared in The Elder Law Journal, vol. 20, no. 1 (2012). Full text is available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=211153
It's a must-read, IMHO.
In the context of changing demographics, the increasing cost of health care services, and continuing federal budgetary pressures, Medicare has become one of the most controversial federal programs. To facilitate an informed debate about the future of this important public initiative, this article examines and debunks the following ten myths surrounding Medicare: (1) there is one Medicare program, (2) Medicare is going bankrupt, (3) Medicare is government health care, (4) Medicare covers all medical cost for its beneficiaries, (5) Medicare pays for long-term care expenses, (6) the program is immune to budgetary reduction, (7) it wastes much of its money on futile care, (8) Medicare is less efficient than private health insurance, (9) Medicare is not means-tested, and (10) increased longevity will sink Medicare.