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When I respond, or seek responses, I think of the Internet Republic and the people [[whump]] and the places who have made our water world Eden brave and free and fair. Permitted, required, and impossible. Stand alone or stand with, whose choice to what degree [[Thn/]] O[[thn/]]ne water world Eden under "We the people" – created by whom?

How who decides …to utilize scarce, productive resources that have alternate uses to make goods or services for consumption now, or in the future,” Nobel peace prize winning definition of economics from the text book “Economics” by Paul Samuelson

Robert J. Samuelson

Robert J. Samuelson
Opinion Writer

Why Ryan might be right about Medicare

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By Robert J. Samuelson, Sunday, August 19, 3:53 PM

Overlooked in the furor surrounding Paul Ryan’s Medicare proposal — a plan, it should be recalled, that wouldn’t start until 2023 and even then would affect only new beneficiaries — is a just-published study in The Journal of the American Medical Association (JAMA) suggesting that, well, Ryan might be right. The study finds that a voucher-type system might noticeably reduce costs compared to “traditional” fee-for-service Medicare. Three Harvard economists did the study, including one prominent supporter of President Obama’s health-care overhaul.

The study compared the costs of traditional Medicare with Medicare Advantage, a voucher-like program that now enrolls about 25 percent of beneficiaries. Medicare Advantage has cost less for identical coverage. From 2006 to 2009, the gap averaged 11 percent between traditional Medicare and voucher plans that, under the proposal by Ryan and Sen. Ron Wyden (D-Ore.), would serve as a price “benchmark.”

============NH:
xref: endowments and covenants and personal choice
vs.
common pool of money managed by elected officials who need to raise money from interest groups…
========NH//

How who decides …to utilize scarce, productive resources that have alternate uses to make goods or services for consumption now, or in the future,” Nobel peace prize winning definition of economics from the text book “Economics” by Paul Samuelson

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One Response

  1. But vouchers are still issued form a common pool of money managed by elected officials who must raise money from vested interest groups…

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