The Wall Street Journal, today, states on its editorial page the definite and imperative need for Medicare reform in one sentence. “The brutal math is that Medicare spending has been growing about three percentage points faster every year than the overall economy for the last quarter-century and is now the main driver of the financial crisis.” Legislative leadership is shifting to a stipend approach. This may cap the Federal Government’s financial exposure. With a stipend one often finds not enough payment to cover the choice you prefer.
How will Health Care marketplace respond to this change of focus? How will consumer directed care be better served?
These questions and many others will reframe the debate about health care entitlements. It is probably time to reframe the debate, the boomers are not their parents elders. Choices and alternatives to traditional long term care approaches are desired by the boomers. Life style and personal preferences are key to the boomers making these choices. As the role of the patient changes into a health care consumer the market place and pricing for care will respond. The Boomer who desires to create a supportive care environment that does not financial exhaust may find satisfaction with the flexibility that a market driven choice could provide.
Keep you eyes on the ball, the politics of Medicare is an interesting game.