Sunday, January 13, 2013

A Seven-Minute Perspective on Medicare

My favorite cousin and lifelong buddy is a registered nurse who has a perspective on Medicare that is somewhat different from mine.  She understandably sees it through the prism of medicine, while I see it through the prism of economics.  I think she sees it as the delivery of necessary social benefit, while I see it as something that crowds-out other spending programs.

Anyway, she sent me an excellent short video on the history of Medicare, which can be found at:

http://www.kff.org/medicare/medicare-timeline2.cfm

I encourage you to take a few minutes to view it.  After you do, ask yourself how Medicare would be different if it was designed by nurses and economists, instead of lawyers and politicians?