How serious are Medicare's problems, and how substantial a change do we need to fix it?
PERSPECTIVE
Reduce benefits to a level we can sustain
QUESTION
How serious are Medicare's problems, and how substantial a change do we need to fix it?
ANSWER
We won't be able to sustain Medicare with modest changes such as
reducing fraudulent claims and encouraging more retirees to use HMOs.
Benefits must be reduced and the age of eligibility raised to keep the
program's costs in check.
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