June 30, 2003

A Poison Pill

Tom Miller says the approved Medicare "reform" in the US is going the wrong way:

Market reformers hold a limited hand of cards because of the way in which the political deck has been dealt. The best thing would be probably just to stop at the interim plans for a drug discount card and low-income cash assistance, and then get out of town. We have two more years before the real prescription-drug entitlement machinery fully kicks in. Although Congress remains highly unlikely to renege quickly on the full package that's approved to start in 2006, it would be fine if it did just that. A simple combination of a limited-discount card, additional protection for low-income seniors, and a very modest catastrophic-coverage benefit actually would solve the key problems of access to necessary drugs.