This op-ed jumped out at Kerri today:
In The New York Times, David Brooks called Paul Ryan’s Medicare plan “the best thing the Romney-Ryan campaign has going for it.”
A study published in the Journal of the American Medical Association found that if Ryan-Wyden had been in place between 2006 and 2009, costs might have come down by around 9 percent with no reduction in benefits. Under a demonstration project in Denver in the 1990s, private plans bid 25 percent to 38 percent less than government-determined payment rates.
Matthew Yglesias says in Slate that that Brooks is overlooking one important part of contracting Medicare services out to private health insurance companies: Such “market-based” approaches like Ryan’s are “a market for political influence.”
Right now both the elderly and health care providers lobby for higher Medicare spending. Creating a new set of Medicare sub-contractors whose industry-wide revenue level is determined solely by their success in lobbying Congress to increase Medicare spending is not going to fix this problem.
–Stephanie Curtis, social media host