Medicare: Admitting You Have a (Structural) Problem Is the First Step
A new study by the Urban Institute reconfirms a vital fact: Medicare’s massive increase in enrollment, largely attributable to retiring baby boomers, is driving its fiscal instability. This is an important finding, because during the health care debate of 2009, advocates of Obamacare insisted that excess health care cost inflation was the more urgent problem contributing to Medicare’s fiscal nightmare. A recent report by Charles Blahous, a public trustee for Medicare, explains: This viewpoint increased in prominence when Peter Orszag, one of [Obamacare’s] leading advocates, was named to head the … More
