Why the Medicare Trustees report is too optimistic: It assumes the birth rate in the long-run will increase to a nearly full native replacement of 2.0 children per woman, despite a steady and now long-standing fall to around 1.65.
80% of new treatments in the pharmaceutical pipeline originate in the U.S. That’s been a Godsend for the more than 55 million people living with dementia across the globe, the tens of millions worldwide who will receive a cancer diagnosis, and the more than 38 million people living with HIV.
David Henderson’s proposal to cut Medicare spending: offer beneficiaries cash instead of a benefit in kind. I would offer everyone approved for elective surgery half the DRG rate in cash as an alternative. This is actually how some European countries handle long term care.