The Elder Law Journal, Vol. 20, pp. 1-32, 2012
33 Pages Posted: 18 Jul 2012 Last revised: 3 Oct 2012
Date Written: July 17, 2012
In the context of changing demographics, the increasing cost of health care services, and continuing federal budgetary pressures, Medicare has become one of the most controversial federal programs. To facilitate an informed debate about the future of this important public initiative, this article examines and debunks the following ten myths surrounding Medicare: (1) there is one Medicare program, (2) Medicare is going bankrupt, (3) Medicare is government health care, (4) Medicare covers all medical costs for its beneficiaries, (5) Medicare pays for long-term care expenses, (6) the program is immune to budgetary reduction, (7) it wastes much of its money on futile care, (8) Medicare is less efficient than private health insurance, (9) Medicare is not means-tested, and (10) increased longevity will sink Medicare.
Keywords: Medicare, Long-Term Care, Taxes, Longevity
Suggested Citation: Suggested Citation
Kaplan, Richard L., Top Ten Myths of Medicare (July 17, 2012). Illinois Program in Law, Behavior and Social Science Paper No. LBSS13-02; Illinois Program in Law, Behavior and Social Science Paper No. LBSS13-02; Illinois Public Law Research Paper No. 11-28. Available at SSRN: https://ssrn.com/abstract=2111535 or http://dx.doi.org/10.2139/ssrn.2111535