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Entries in Friedrich Hayek (1)

Wednesday
May252011

US Politics Analysis: Setting Out the Medicare Crisis

An ideological clash looms over the reality that health care costs are on an unsustainable upward curve. Both parties have different and deeply divergent opinions on how those costs should be controlled, but the Medicare Trustees Report unequivocally sets outs:

The sizable differences in projected Medicare cost levels between current law and the illustrative alternative scenario highlight the critical importance of finding ways to bring Medicare costs --- and health care costs in the U.S. generally --- more in line with society's ability to afford them.

Quite how that "critically important'"solution can be found in the existing political climate remains a mystery.

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