KFF October 22, 2020
As U.S health care spending continues to grow faster than the economy, several health care reform proposals would leverage Medicare’s payment structure in order to help control health care costs while also improving consumers’ access to health coverage. Notably, Democratic presidential nominee Joe Biden has proposed a “public option” that would allow eligible individuals to choose between private insurance or a publicly sponsored plan, similar to Medicare. While Biden has not specified how much health care providers would get paid under the public option, a campaign document says it would be administered by Medicare. His proposal would also lower the age of Medicare eligibility to 60, giving older adults the option to choose coverage under Medicare.
Amidst the debate on...
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