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Spending on Medicare is expected to explode in the coming years as our population ages. Despite this, a new Senate bill introduced by Sen. Mark Pryor would symbolically take potential solutions off the table by advocating against raising the eligibility age or privatizing the system. The bill would also restrict procedures that Congress could use to adopt reforms.
The debate over health care is not over. The public is not satisfied with the status quo, and reform is still necessary, especially to improve care for the poor.
In threatening to cut payments to states that are not enrolling people into Medicaid quickly enough, the administration has found a tool to punish states that have been uncooperative in implementing the president’s healthcare reform.
Medicare is badly in need of reform, of course, but real reform means moving away from the government’s counterproductive micromanagement of provider payments, not construction of yet another new government payment system that will inevitably distort the marketplace in ways no one can now predict
Medicare spending has slowed dramatically in the last four years. That is good news, but we cannot relax. If we expect Medicare to meet the needs of 76 million baby boomers — and eventually their children — we must modernize the program and put consumers in charge.
AEI adjunct scholar Mark Warshawsky's remarks on reforming America's system of long-term services and supports for the elderly.
We welcome you to join us as a panel of economists discuss US wage and price prospects in the coming months and the implications for the Federal Reserve’s current unorthodox monetary policy.