On the use of vouchers for Medicare.
Some appealing aspects of a voucher program--promise of promoting efficiency while respecting individual preference, and capping federal expenditures--may be illusory. Adverse selection, administrative and regulatory complexity, and serious inequities are not likely to meet tests of feasibility or desirability.
D000368:Aged; D003256:Community Participation / Q000191:economics*; D003363:Cost Control; D004465:Economic Competition; D005380:Financing, Government / Q000379:methods*; D006279:Health Maintenance Organizations / Q000191:economics; D006291:Health Policy; D006801:Humans; D006278:Medicare / Q000191:economics*; D014481:United States