Columbia International Affairs Online: Policy Briefs

CIAO DATE: 07/2008

Saving Medicare

Joseph Antos, Mark V. Pauly

May 2008

American Enterprise Institute for Public Policy Research

Abstract

In this article, Joseph Antos and Mark V. Pauly warn about the impending financial crisis in Medicare and suggest a market-based solution to the problem--phasing in a sustainable credit system for Medicare recipients that allows them to choose their own health care plans. This arrangement would not only cut down on spending, but would also allow consumers to select from a variety of products and provide them far greater choice than they currently have.