The Progressive Policy Institute, which still proclaims that it was “Bill Clinton’s idea mill” wants to more people to bankrupt the government to save Medicare (item 3).
Here’s a novel twist in the battle to shore up Medicare’s looming fiscal disaster from the baby boomers’ retirement: cover the uninsured so they don’t arrive on Medicare’s doorstep desperate for care.
As economist Mark Pauly points out, it will still cost more to cover the uninsured than Medicare will save. Indeed, there’s no free lunch. But a new way to get a discount on the high cost of covering the uninsured as well as reducing fiscal pressures from Medicare should be embraced by all.
Sounds like the appliance salesman who suggests buying a $300 warranty to avoid paying for a $200 repair.
