Potential consequences of reforming Medicare into a competitive bidding system.

Song, Zirui; Cutler, David M; Chernew, Michael E · JAMA · 2012

review · Level V

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Abstract

The idea of a premium support (or voucher) system for Medicare has generated substantial debate. Under premium support, Medicare beneficiaries choose among health plans that compete in a market-based bidding system. In some models, the Traditional Medicare (TM) program is abandoned entirely in favor of private health plans. In other models, such as the Ryan-Wyden plan, TM becomes one option among many.

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