Brooks: Top-down or Bottom-up Approaches to Medicare

The average 56-year-old couple pays about $140,000 into the Medicare system over a lifetime and receives about $430,000 in benefits back. The program is also completely unaffordable. Medicare has unfinanced liabilities of more than $30 trillion. The Medicare trustees say the program is about a decade from insolvency.

Here.

David Brooks, thinks Republicans are channelling Friedrich August Hayek. If only. For an illuminating discussion of decentralized decision-making see this video. Click on the cc on the menu bar to the right of the volume icon.

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