TeeJaw Blog

Best Way to Reform Medicare — Free Market Choice or More Bureaucratic Rationing?

Posted in Government and Politics by TeeJaw on Tuesday, May 17, 2011, 1: 45 PM

I agree with Dan Mitchell.  Free Market reforms should not be put off until 2021.  Those already on Medicare should at least be given the option of have more control over their health care right now.

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  1. Dave Lienert said, on Tuesday, May 17, 2011, 11: 58 PM at 11:58 PM

    I must admit I have mixed feelings after watching what Dan had to say.
    I agree that any time a third party is introduced into a purchase the true cost becomes distorted, if not immediately then surely over time. I strongly believe this is one of the chief reasons our health care is as expensive as it is today. It seems as if it is a dog going after its own tail at this point however. As it stands I feel it would be imprudent to not have health insurance because of the real cost with out it.
    How do we fix this? Not an easy answer ofcourse. We may want to start by phasing out Medicare. Again not easy by a long shot. The tangled web spun in the last 45 years has entrapped many. People that have worked their entire life with this program in place are now retiring and rightly expect to benefit from a system they have paid into. People like myself (in their 40s) have contributed for the last 20 years and expect to see some thing in return.
    Lastly we would still have the problem of the third party in the case of private health insurance with regard to cost. I am not advocating barring people from obtaining but some how make people more aware of the true cost. But that’s a topic for another day I am sure.

    • TeeJaw said, on Wednesday, May 18, 2011, 8: 33 AM at 8:33 AM

      What do you think of Paul Ryan’s plan to give vouchers to seniors that they can use to buy insurance? The idea is that if you were given a choice of what kind of insurance to buy you’d opt for what you think is in your best interest and you wouldn’t be stuck with what some bureaucrats thinks is in your best interest. Public choice theory teaches that the bureaucrat is not going to act in your interest, but will act in his own interest.


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