Category: Medicare and Medicaid

   Medicare (for the elderly) and Medicaid (for the poor) are the nation's two largest health care entitlement programs. They are also facing multi-trillion dollar deficits in coming decades as expenditures dwarf tax revenues. While some have advocated that the U.S. adopt a Canadian-style "single-payer" health care system to reign in costs, the Center for Medical Progress recognizes that price controls and rationing will only exacerbate the health care challenges facing our nation, not solve them.

   Reforming these programs means opening Medicare and Medicaid to private competition, reforming payment mechanisms that reward hospitals and physicians for quality care, and implement transparency initiatives that put consumers, not bureaucrats, in control of their own health care spending through health savings accounts and other patient-friendly mechanisms. Together with a reasonable safety net for the sickest and poorest Americans, empowered patients can help restrain low-value spending without dampening the market incentives driving health care innovation.

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