Medicare Meltdown

How Wall Street and Washington are Ruining Medicare and How to Fix It

Nonfiction, Health & Well Being, Medical, Patient Care, Medicaid & Medicare, Health, Health Care Issues
Cover of the book Medicare Meltdown by Rosemary Gibson, Janardan Prasad Singh, Rowman & Littlefield Publishers
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Rosemary Gibson, Janardan Prasad Singh ISBN: 9781442219809
Publisher: Rowman & Littlefield Publishers Publication: April 16, 2013
Imprint: Rowman & Littlefield Publishers Language: English
Author: Rosemary Gibson, Janardan Prasad Singh
ISBN: 9781442219809
Publisher: Rowman & Littlefield Publishers
Publication: April 16, 2013
Imprint: Rowman & Littlefield Publishers
Language: English

Medicare affects everyone. If you are a boomer, you are counting on Medicare to protect you from the cost of health care when you retire. If you have turned 65, you already depend on Medicare. If you are a Gen-X or Gen-Y, you are contributing to Medicare from your paycheck. Will Medicare continue to exist as we have known it? Will it be there when you need it? How much will it cost? As the future of Medicare is debated in Washington, Rosemary Gibson and Janardan Prasad Singh shine a light on a rarely-seen side of this storied program: the business of Medicare.

Medicare is known as an entitlement for the nation’s seniors. It is also the largest entitlement-based program for any business sector in the US economy. Its beneficiaries include hospitals, doctors, drug companies, device manufacturers, Wall Street investment banks, private equity firms, hedge funds, and others that rely on the $600 billion that Medicare spends a year.

The ties that bind Wall Street and Washington in the healthcare industry are strong, and they will play an outsized role in determining Medicare’s future. Gibson and Singh reveal how the industry’s interests are often at odds with those of seniors and boomers.

While some politicians point to the culture of dependence of the public on Medicare, the authors suggest that policymakers turn their attention to the culture of dependence of the healthcare industry on Medicare, which is the predominant force pushing the program toward a fiscal cliff.

The amount of waste in the Medicare program is equivalent to the entire economy of New Zealand. For Medicare to be sustained, this culture of dependence -- and the habits it breeds, namely waste, excessive pricing, and overuse of unnecessary services -- should be the first priority for the chopping block. By parings back the excess, the authors argue, Medicare can be sustained for future generations. This is essential reading for anyone interested in how Medicare works, how it could work better, and where it will go if reforms are not made.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Medicare affects everyone. If you are a boomer, you are counting on Medicare to protect you from the cost of health care when you retire. If you have turned 65, you already depend on Medicare. If you are a Gen-X or Gen-Y, you are contributing to Medicare from your paycheck. Will Medicare continue to exist as we have known it? Will it be there when you need it? How much will it cost? As the future of Medicare is debated in Washington, Rosemary Gibson and Janardan Prasad Singh shine a light on a rarely-seen side of this storied program: the business of Medicare.

Medicare is known as an entitlement for the nation’s seniors. It is also the largest entitlement-based program for any business sector in the US economy. Its beneficiaries include hospitals, doctors, drug companies, device manufacturers, Wall Street investment banks, private equity firms, hedge funds, and others that rely on the $600 billion that Medicare spends a year.

The ties that bind Wall Street and Washington in the healthcare industry are strong, and they will play an outsized role in determining Medicare’s future. Gibson and Singh reveal how the industry’s interests are often at odds with those of seniors and boomers.

While some politicians point to the culture of dependence of the public on Medicare, the authors suggest that policymakers turn their attention to the culture of dependence of the healthcare industry on Medicare, which is the predominant force pushing the program toward a fiscal cliff.

The amount of waste in the Medicare program is equivalent to the entire economy of New Zealand. For Medicare to be sustained, this culture of dependence -- and the habits it breeds, namely waste, excessive pricing, and overuse of unnecessary services -- should be the first priority for the chopping block. By parings back the excess, the authors argue, Medicare can be sustained for future generations. This is essential reading for anyone interested in how Medicare works, how it could work better, and where it will go if reforms are not made.

More books from Rowman & Littlefield Publishers

Cover of the book The Human Tradition in California by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Stop Politically Driven Education by Rosemary Gibson, Janardan Prasad Singh
Cover of the book The Fog of Reform by Rosemary Gibson, Janardan Prasad Singh
Cover of the book The Leadership Partnership by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Children's Services Today by Rosemary Gibson, Janardan Prasad Singh
Cover of the book The Human Tradition in the American Revolution by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Soon We Will Not Cry by Rosemary Gibson, Janardan Prasad Singh
Cover of the book The Allure of Premeditated Murder by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Foreign Relations of the PRC by Rosemary Gibson, Janardan Prasad Singh
Cover of the book So You Want to Sing Rock 'n' Roll by Rosemary Gibson, Janardan Prasad Singh
Cover of the book 100 Greatest American Plays by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Measuring Museum Impact and Performance by Rosemary Gibson, Janardan Prasad Singh
Cover of the book America's Search for Security by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Hacienda and Market in Eighteenth-Century Mexico by Rosemary Gibson, Janardan Prasad Singh
Cover of the book Cars, Energy, Nuclear Diplomacy and the Law by Rosemary Gibson, Janardan Prasad Singh
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy