14 Jun Medicare Saves Money?
NY Times op-ed Columnist Paul Krugman reviews Senator Joseph Lieberman’s proposal, released last week, to raise the age for Medicare eligibility from 65 to 67. He goes on to say that every once in a while a politician comes up with an idea that’s so bad, so wrongheaded, that you’re almost grateful. For really bad ideas can help illustrate the extent to which policy discourse has gone off the rails. He continues with “as the health economists Austin Frakt and Aaron Carroll document, right now Americans in their early 60s without health insurance routinely delay needed care, only to become very expensive Medicare recipients once they reach 65. This pattern would be even stronger and more destructive if Medicare eligibility were delayed. As a result, Mr. Frakt and Dr. Carroll suggest, Medicare spending might actually go up, not down, under Mr. Lieberman’s proposal.” Read the Article