Ryan Medicare drama more hype than reality

The White House and Ryan Medicare budgets don’t differ that much. What does differ is their approach. The president’s approach is inflexible. Ryan’s approach has the advantage of making the cuts less painful by allowing market-based reforms instead of suppressing provider fees. Continue reading

Medicare price controls and rationing

On Stossel, Peter Suderman and Scott Gottlieb discuss how to fix Medicare. Gottlieb discusses Medicare’s price controls such that physicians get paid the same regardless of their quality, and that insurers mimic the system. He says government authorities will tighten control over doctors, control what care they can provide. Suderman discusses the point of his article, Medicare Whac-A-Mole Why health care price controls always fail. Continue reading

If Social Security were run like Medicare

Those who oppose changing Medicare into a voucher program for “private” insurance should support running Social Security like today’s Medicare: authorities would assign housing to seniors and “pick up government-approved groceries for little or no money.”

Debt ceiling: Budget Deal Doesn’t Cut Spending

“Rs & Ds have come together on a ‘historic’ budget deal that … [the] Washington Post’s lead story calls the cuts ‘sharp’ and ‘severe.’ However, the budget deal doesn’t cut federal spending at all. The ‘cuts’ in the deal are only cuts from the CBO ‘baseline,’ which is a Washington construct of ever-rising spending.” – Chris Edwards, Cato