Modernizing Medicare: Harnessing the Power of Consumer Choice and Market Competition

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Robert Emmet Moffit Marie Fishpaw

Modernizing Medicare

Harnessing the Power of Consumer Choice and Market Competition

Robert Emmet Moffit, Marie Fishpaw

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English

Johns Hopkins University Press
04 April 2023

Public health & safety law; Public health & preventive medicine

Top policy experts offer Medicare reform solutions for the millions of seniors whose health care depends on America's fastest growing federal entitlement.

In Modernizing Medicare, editors Robert Emmet Moffit and Marie Fishpaw bring together a rare combination of leading scholars and policy practitioners to outline a vision for Medicare reform and provide solutions for the millions of seniors whose health care depends on it. Contributors include a former Medicare trustee, a former Medicare administrator, and a former director of the Congressional Budget Office.

Detailing Medicare's biggest problems, this team of top policy experts offer solutions based on personal freedom of choice, transparency of price and performance, and market competition among health plans and providers that will secure patients more affordable, more accountable, and higher quality medical care. They also address Medicare's reform needs and analyze the promising performance of the Medicare Advantage program. The authors outline Medicare's major financial problems and the best solutions for Medicare patients and taxpayers alike. While Medicare's accelerating spending is generating higher deficits and debt, standard cost-control strategies—such as payment reductions and price controls—jeopardize patients' access to high-quality care.

Contributors: Joseph R. Antos, PhD; Doug Badger; Charles P. Blahous, PhD; Walton F. Francis; John C. Goodman, PhD; Edmund F. Haislmaier; Douglas Holtz-Eakin, PhD; Brian J. Miller, MD, MBA, MPH; Robert Emmet Moffit, PhD; Mark V. Pauly, PhD; Christopher M. Pope, PhD; Gail R. Wilensky, PhD.

Edited by: Robert Emmet Moffit, Marie Fishpaw
Imprint: Johns Hopkins University Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 20mm
Weight: 454g
ISBN: 9781421446028
ISBN 10: 1421446022
Pages: 232
Publication Date: 04 April 2023
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

List of Contributors 1. Introduction: Reviving the Medicare Reform Consensus, by Robert Emmet Moffit Section One: The Challenge of Medicare Reform 2. Why Medicare Reform Has Been Hard: A Public Choice Perspective, by Mark Pauly 3. Pursuing Medicare Reform in the Context of a Financing Crisis, by Charles P. Blahous Section Two: Medicare Advantage: The Record and Opportunity 4. How Medicare Advantage Secures Better Value for Seniors and Taxpayers, by Christopher Pope 5. Improving Medicare Advantage Through Patient Power, by John C. Goodman 6. The Next Step in Medicare Reform, by Brian J. Miller and Gail R. Wilensky Section Three: Transitioning to Premium Support: The Promise of Greater Personal Choice and Market Competition 7. Medicare Advantage: The Platform for a Comprehensive Premium Support Program, by Robert Emmet Moffit 8. Modernizing Traditional Medicare: The First Step to Effective Competition, by Joseph R. Antos 9. Medicare Risk Adjustment: Stabilizing the Market in a Premium Support Program, by Edmund F. Haislmaier 10. Modernizing Medicare: Improving Payment and Delivery of Prescription Drugs, by Doug Badger 11. Reforming Medicare: Lessons from Premium Support's Long Bipartisan History, by Walton F. Francis 12. The Potential for Beneficiary and Taxpayer Savings in Moving to a Premium Support Model for Medicare, by Douglas Holtz-Eakin Index

Robert Emmet Moffit, PhD (SEVERNA PARK, MD), is a senior fellow at the Heritage Foundation. He is a coauthor of Why Obamacare Is Wrong for America. Marie Fishpaw (WASHINGTON, DC) is a seasoned policy leader with extensive experience at the White House, the US Congress, and the Heritage Foundation. She is a coeditor of No Choice, No Exit: The Left's Plans for Your Health Care.

Reviews for Modernizing Medicare: Harnessing the Power of Consumer Choice and Market Competition

A ""must read for all those concerned with public finances and health policy . . . Modernizing Medicare will become the guidebook for the inevitable changes that must be made in Medicare. —Health Affairs Modernizing Medicare makes its case for broader Medicare reform by offering a path through the political minefield. . . . The book addresses the political problems of Medicare reform by offering solutions that save money while preserving or improving Medicare's slate of benefits. —The Foundation for Research on Equal Opportunity Bob Moffit and Marie Fishpaw deserve huge credit for enlisting these leading scholars to produce a volume of work that can be the Bible for a new president and a new Congress in Modernizing Medicare, saving the program by improving it through consumer choice and market competition. —Forbes Modernizing Medicare stands as a valuable, even indispensable, resource due to its focus on a single reform principle: premium support. Its conclusions, grounded in historical experiences from health insurance markets, show that one principle can significantly enhance Medicare's financial status and value proposition. —Inquiry: The Journal of Health Care Organization, Provision, and Financing