Krugman: Medicare Saves Money

Paul Krugman doesn’t care for Joe LIEberman’s terrible, horrible, very bad idea:

Every once in a while a politician comes up with an idea that’s so bad, so wrongheaded, that you’re almost grateful. For really bad ideas can help illustrate the extent to which policy discourse has gone off the rails.

And so it was with Senator Joseph Lieberman’s proposal, released last week, to raise the age for Medicare eligibility from 65 to 67.

Like Republicans who want to end Medicare as we know it and replace it with (grossly inadequate) insurance vouchers, Mr. Lieberman describes his proposal as a way to save Medicare. …

And here’s what you need to know: Medicare actually saves money — a lot of money — compared with relying on private insurance companies. And this in turn means that pushing people out of Medicare, in addition to depriving many Americans of needed care, would almost surely end up increasing total health care costs.

Read the column for details. Shorter Krugman: LIEberman’s plan would cost more, deliver less care and leave many seniors with no medical coverage at all. FWIW, I would be one of those seniors.

But hey, it’s what we’ve come to expect of LIEberman (L-CT) (no, not “Libertarian” … “Likud”). The only person I’ve ever voted for and come to regret it more than my vote for LIEberman for veep… is my vote for Barack Obama for prez.

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