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Medicare: usual and customary remedies will no longer work

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  • Jagadeesh Gokhale

Abstract

A description of the structural deficiencies that have led to Medicare's impending bankruptcy, and a discussion of the merits of alternative approaches to extending the program's long-term viability. The author argues that the best approach is to adopt a \\"defined contribution\\" plan that will restore consumers' interest in economizing on health care services and boost competition among providers and insurers.

Suggested Citation

  • Jagadeesh Gokhale, 1997. "Medicare: usual and customary remedies will no longer work," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    • Handle: RePEc:fip:fedcec:y:1997:i:apr1
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    Keywords

    Medicare;

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