Keeping a jaundiced eye on the corporate media.
Posted in General on Mar 26th, 2004
RUNNING GOVERNMENT LIKE A BUSINESS
Krugman on Medicare:
What actually happened was that private plans skimmed the cream, accepting only relatively healthy retirees. Yet Medicare paid them slightly more per retiree than it spent on traditional benefits. In other words, instead of saving money by subcontracting its role to private plans, Medicare was in effect required to [...]
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