Saving the Medicare System with Medical Savings Accounts
In this policty report, the unsigned authors conduct this study to examine the choices private insurers will be able to offer as alternatives to the government-run program if they are given a voucher for the average estimated per-person Medicare cost of $4,848 in 1996. They conclude that
- a voucher program will protect seniors from catastrophic illness, while saving as much as $195 billion.
- it will bolster patient power protect patients against health care costs.