Saving Medicare
Conclusion
"In 10 years, Medicare as we now know it will not exist."
In 10 years, Medicare as we now know it will not exist. The system's huge unfunded liability and generational imbalance will force significant changes. How society will pay for future retirement health care and how much is actually expended on this care need to be seriously and soberly addressed. Making a bold move today to a prefunded system will give individuals ownership in their retirement medical insurance, link the consumers to the amount of care they purchase and bring market forces - largely absent in the current system - to the delivery of medical care to the aged.
NOTE: Nothing written here should be construed as necessarily reflecting the views of the National Center for Policy Analysis or as an attempt to aid or hinder the passage of any bill before Congress.