Hill December 4, 2022
Many failed political candidates can attest to the risks of supporting changes to Medicare. It is an easy issue to exploit in the heat of a campaign. At the same time, there is no avoiding the program’s centrality to two serious challenges: rising medical care expenses and the large increase in federal debt projected over the next 30 years. Neither can be addressed adequately without Medicare reform.
What connects both problems is the burden that undisciplined medical spending is imposing on American society. Rampant waste, excessive administrative costs, and irrationally elevated prices force households to pay higher than necessary premiums and taxes. They also contribute to government borrowing and debt.
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