The Medicare monster

posted by
September 21, 2011
The Weekly Standard
by Yuval Levin  
Posted in Commentary

"Medicare’s problem is not just overspending. In a sense, the program’s travails mirror (and severely exacerbate) those of our economy and welfare state more generally: The stifling of competition and innovation creates a crushing inefficiency that makes the system unsustainable​—​giving off a strong whiff of institutional decline, and intimations of a terrible crash to come." (for publication 09/26/11)  

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