Your SlideShare is downloading. ×
0
AEI State of the Union series: Medicare
AEI State of the Union series: Medicare
AEI State of the Union series: Medicare
AEI State of the Union series: Medicare
AEI State of the Union series: Medicare
AEI State of the Union series: Medicare
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

AEI State of the Union series: Medicare

464

Published on

A presentation on Medicare by Joseph Antos at the AEI State of the Union series health care event.

A presentation on Medicare by Joseph Antos at the AEI State of the Union series health care event.

Published in: News & Politics
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
464
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. State of the Union: MedicareAEI on the HillJanuary 29, 2013Joseph R. Antos, Ph.D.Wilson H. Taylor Scholar in Health Care and Retirement PolicyAmerican Enterprise Institute
  • 2. Slower Per Capita Medicare Spending in Last 3 Years 6.0% 5.3% 5.0% 4.3% 3.6% 4.0% 2.9% 3.2% 3.0% 1.8% 2.0% 0.9% Medicare 1.0% GDP 0.0% -1.0% 2008 2009 2010 2011 -2.0% -3.0% -4.0% -3.1% Comparable growth rates for total spending and GDP: 8.0% 1.9% 6.9% -2.2% 4.3% 3.8% 6.2% 4.0% Total Medicare spending continues to grow significantly faster than the economy— Is GDP + ½% feasible?AEI 2
  • 3. 3
  • 4. Federal spending as a percentage of GDP, Alternative Fiscal Scenario* 18 17.2 16 14 Assumes aging accounts for 52% of 12 growth in health spending and 68% 11.6 in health and Social Security 10 9.6 9.5 7.7 8 6.7 6.2 6 5.0 3.7 3.7 4 1.7 1.4 2 0 Social Security Medicare Medicaid, CHIP, ExchangeOther Spending Interest Deficit 2012 2037 *Assumes Medicare physician fees held at 2012 level, IPAB does not take effect, current law reductions in per-person exchange subsidies notAEI enforced, other automatic spending reductions not enforced. 4
  • 5.  Better choices for seniors  Better incentives for providers  More effective competition among health plans  Greater security for beneficiaries, today and tomorrowAEI 5
  • 6.  Simplify and improve Medicare’s benefit ◦ Combine Part A + Part B; single deductible; catastrophic limit  Reform Medigap ◦ Limit first dollar coverage  Promote fair competition ◦ Similar to Part D: Plan bids determine risk-adjusted payment, better information for seniors to choose traditional Medicare or private plan  Reform payment policies ◦ Permanently resolve physician payment  Align eligibility age with longevityAEI 6

×