Wednesday, March 13, 2013

To Save Medicare the current model needs to be changed

....The solution can be found within Medicare itself. The drug benefit, enacted in 2003, is built on consumer choice and competition among private drug plans. This approach has worked well to provide access to drugs at an affordable price. 
Surveys show that seniors are more than satisfied with the options available to them, and costs are under control. From 2006 to 2011, per capital costs rose an average of just 1.8% annually.
This is the model for Ryan's Medicare reforms, which would be phased in for those under age 55 today. Seniors would get the guaranteed package of Medicare services from the health plan of their choice, and one of their options would be the traditional Medicare program....
Read the whole story HERE.

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