Modernizing Medicare: Harnessing the Power of Consumer Choice and Market Competition

Summary

In Modernizing Medicare, editors Robert Emmet Moffit and Marie Fishpaw bring together a rare combination of leading scholars and policy practitioners to outline a vision for Medicare reform and provide solutions for the millions of seniors whose health care depends on it. Contributors include a former Medicare trustee, a former Medicare administrator, and a former director of the Congressional Budget Office.

Detailing Medicare’s biggest problems, this team of top policy experts offers solutions based on personal freedom of choice, transparency of price and performance, and market competition among health plans and providers that will secure patients more affordable, more accountable, and higher quality medical care. They also address Medicare’s reform needs and analyze the promising performance of the Medicare Advantage program. Contributors outline Medicare’s major financial problems and the best solutions for Medicare patients and taxpayers alike. While Medicare’s accelerating spending is generating higher deficits and debt, standard cost-control strategies—such as payment reductions and price controls—jeopardize patients’ access to high-quality care.