TITLE

Can Managed Care And Competition Control Medicare Costs?

AUTHOR(S)
Gold, Marsha
PUB. DATE
January 2003
SOURCE
Health Affairs;2003 Supplement, Vol. 22 Issue 1, p176
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Medicare+Choice (M+C) was conceived to bring managed care and competitive forces to bear on Medicare. Ultimately, M+C could not thrive under the conditions of the marketplace and the Balanced Budget Act of 1997. Here I review what went wrong and the lessons from the experience, concluding that M+C is a tool, not a strategy. While managed care in a multiple-choice environment may have the potential to generate limited savings, promoting managed care and competition alone will not preempt the need for a debate on Medicare's obligations and how to finance them.
ACCESSION #
16604645

 

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