Uwe Reinhardt: Medicare Spending Isn’t Out of Control (NY Times)

December 21, 2012 – It’s the season of holiday cocktail parties, demanding intelligent chit-chat over Chardonnay. In such data-free environments it is always safe to say, “Medicare spending is out of control!” Wise heads will nod, because it is a credo with wide currency. After all, as I explained in my previous post, traditional Medicare, which still attracts about 75 percent of all Medicare beneficiaries, affords its enrollees free choice of providers and therapy. In the jargon of health-policy wonks, it is “unmanaged.” Thus, it would not be surprising if unmanaged Medicare spending were, indeed, out of control.

Link to Full Article: http://economix.blogs.nytimes.com/2012/12/21/medicare-spending-isnt-out-of-control/

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