the National Bipartisan Commission on the Future of Medicare is poised today to vote on a proposal that would end Medicare as we know it. The Commission's charge was to come up with a scheme for putting Medicare on solid financial footing and improving its value to seniors. They definitely came up with a scheme, a scheme to privatize America's best government program. Under the Commission proposal, known as Premium Support, Medicare would no longer pay directly for health care services. Instead, it would provide each senior with a voucher good for part of the premium for their private health insurance coverage. Medicare beneficiaries could use this voucher to buy into the fee-for-service plan sponsored by the Federal Government or to join a private plan. To encourage consumer price sensitivity, the voucher would track to the lowest cost private plan. Seniors then would shop for the best plan that best suits their needs, paying the balance of the premium and paying extra if they want higher quality health care. The Commission proposal creates a system of health coverage but it abandons Medicare's bedrock principle of egalitarianism. Today, Medicare is income blind. All seniors have access to the same level of health care. The Commission proposal, however, is structured to provide comprehensiveness, access and quality only to those who can afford them.
Editor's note · Context
Discussing the National Bipartisan Commission's proposal to change Medicare.
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