Restructure Medicare & Medicaid: Combination of Reducing Benefits
(Including Covered Lives) & / or Raising Taxes
Consider: 1) Reduce Medicare benefits by 53%? and/or 2) Increase Medicare tax rate from 2.9% to 6.8%? and/or
3) Some combination of all / some the above
However you look at it, this math is draconian. A 53% cut in Medicare benefits and / or more than doubling taxes are unrealistic. The situation for Medicaid is even worse, as Medicaid has no dedicated funding source.
Neither Medicare nor Medicaid has yet fully faced up to the crisis and reform that Social Security experienced in the early 1980s.
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Restructure Medicare & Medicaid: Policy Option #2
lsolate and address the drivers of rising healthcare costs
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