Friday, November 13, 2009

More on costs

This would be a good development....a commission to address the deficit as affected by Medicare and Social Security. Not clear if this would be in addition to an Independent Medicare Advisory Commission that has been considered more likely to fly in the Senate bill. Medicare actually a much bigger long term problem than Social Security because SS benefit increases are tagged to inflation, while health care inflation going up much faster than general inflation. An obvious step is increasing Medicare eligibility age by 2 months per year starting in 2014 until in reaches 67 by 2025, as I wrote with Frank Hill here.

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