If Medicare were a bank, federal
regulators would be closing its doors, selling its operations,
and sacking its managers. Thanks to soaring costs, the program is
fast running out of money—even though it pays such low fees that
many doctors refuse to take Medicare patients. As Steve Chapman
notes, that's our experience with government-run health insurance
for the elderly. So what do congressional Democrats propose to
do? Offer government-run health insurance to everyone else.
Reason Magazine
New at Reason: Steve Chapman on the Public Option
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