On the recordSeptember 19, 1995
That's what--what we've tried to do is to strike a proper balance. And my plan is to make full disclosure--is to try to continue the system we've had, but to fix the percentage of Medicare premiums that the seniors have to pay. So if the overall cost goes up, your out-of-pocket costs will go up, because the percentage will be a percentage of the bigger number. That way, we share the responsibility and there's some incentive not to overuse the system. But the main problem is the one that you have outlined. Who else would like to go next. Yes, sir? [A participant explained that Medicare and Social Security not only benefit the elderly but also younger people who are no longer burdened with the high cost of taking care of their elderly parents.]
Source
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