Forbes June 10, 2024
For decades, the Medicare program was the gold standard of health coverage. Then, something unexpected happened: it started to show its age. The program—signed into law in 1965 during Lyndon Johnson’s presidency—has failed to keep up with the changing needs of our society. And so, when we turn our eyes towards the traditional Medicare program these days, we see its flaws.
What are these flaws? Earlier today, JAMA Internal Medicine published an article in which I detail several of them. I think it’s worth visiting them in this space too.
Participation in Medicare is expensive. Depending on one’s retirement income, one might pay up to $1,000 in monthly out-of-pocket costs after having spent a lifetime paying into the system through...
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