September 8, 2009
-- by Dave Johnson
Why am I prevented by law from just being allowed to buy into Medicare for some formula of cost plus?
Think about it. This would not cost the government anything. In fact, by adding maybe 10% they would come out ahead. In fact, it would help the system a great deal because anyone who buys in is younger than the people in the system now, so generally would be less costly.
It would add no bureaucracy. The system is already set up to handle millions of people. All of the intake procedures are there.
Why am I prevented by law from just buying into Medicare? What is the logic of that? Except to keep a "market" alive -- people for insurance companies to feed off of.
OPEN UP MEDICARE!
Posted by Dave Johnson at September 8, 2009 4:44 PM
You don't mention what you think the price would be. I doubt you'd find it to be a good value.
It's super expensive. Medicare is the biggest long-term fiscal challenge the US faces. You would exacerbates that problem 10 or 20 times if you started giving Medicare to everybody. We literally don't have the money for that. Our economy does not create enough wealth for that. Unless you believe in Santa Claus - it's simply impossible.
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