Americans on Solving the Medicare Shortfall

Abstract

Given current policy crosscurrents, it is little wonder that even raising the subject of Medicare policy seems to open the door to anxiety among the public and among Medicare recipients. This consultation seeks to provide a framework that lets the public consider multiple possible changes that experts have evaluated and scored, without being locked into an “either/or” choice of keeping everything the same versus changing the nature of Medicare. DEVELOPMENT OF THE POLICYMAKING SIMULATION The present policymaking simulation includes eleven different options estimated to aid Medicare’s fiscal condition over the next 25 years, as the babyboomer generation passes through the program. These options selected were previously scored by the Congressional Budget Office (CBO), except for one scored by the Medicare Payment Advisory Commission or MEDPAC, another independent agency that advises Congress. They considered sixteen reform options which fell under four categories:  Reducing Medicare’s Net Payments for Benefits  Reducing Payments to Providers  Increasing Revenues  Controlling Costs in Other Ways