Medicare Privatization Plans - by Stephen Lendman
Bipartisan agreement on eroding, privatizing and eventually ending Medicare.
The idea's been around for years. More recently, bipartisan support's been growing. Various plans have circulated.
A 2006 Congressional Budget Office (CBO) study assessed "Designing a Premium Support System (PSS) for Medicare." It discussed pros, cons, other choices and implications in terms of costs and recipient benefits.
In 1995, Henry Aaron and Robert Reischauer first proposed PSS based on managed competition principles. Numerous variations followed with differing public support amounts.
All plans have six common features:
(1) Beneficiaries would choose from multiple approved health plans. Risk adjusted payments and marketing practices would be regulated, or so it's claimed.
(2) Plans would offer a premium bid to cover core benefits.