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Synopsis: Medicare affects everyone. If you are a boomer, you are counting on Medicare to protect you from the cost of health care when you retire. If you have turned 65, you already depend on Medicare. If you are a Gen-X or Gen-Y, you are contributing to Medicare from your paycheck. Will Medicare continue to exist as we have known it? Will it be there when you need it? How much will it cost? As the future of Medicare is debated in Washington, Rosemary Gibson and Janardan Prasad Singh shine a light on a rarely-seen side of this storied program: the business of Medicare.
Medicare is known as an entitlement for the nation’s seniors. It is also the largest entitlement-based program for any business sector in the US economy. Its beneficiaries include hospitals, doctors, drug companies, device manufacturers, Wall Street investment banks, private equity firms, hedge funds, and others that rely on the $600 billion that Medicare spends a year.
The ties that bind Wall Street and Washington in the healthcare industry are strong, and they will play an outsized role in determining Medicare’s future. Gibson and Singh reveal how the industry’s interests are often at odds with those of seniors and boomers.
While some politicians point to the culture of dependence of the public on Medicare, the authors suggest that policymakers turn their attention to the culture of dependence of the healthcare industry on Medicare, which is the predominant force pushing the program toward a fiscal cliff.
The amount of waste in the Medicare program is equivalent to the entire economy of New Zealand. For Medicare to be sustained, this culture of dependence -- and the habits it breeds, namely waste, excessive pricing, and overuse of unnecessary services -- should be the first priority for the chopping block. By parings back the excess, the authors argue, Medicare can be sustained for future generations. This is essential reading for anyone interested in how Medicare works, how it could work better, and where it will go if reforms are not made.
About the Author:
Rosemary Gibson is a national authority on U.S. health care. At the Robert Wood Johnson Foundation, she designed and led national initiatives to improve health care quality and safety. She was vice president of the Economic and Social Research Institute and served as senior associate at the American Enterprise Institute. She is principal author of Wall of Silence, The Treatment Trap, and The Battle Over Health Care. She serves as an editor for the Archives of Internal Medicine series, Less is More.
Janardan Prasad Singh is an economist at the World Bank. He has been a member of the International Advisory Council for several prime ministers of India. He worked on economic policy at the American Enterprise Institute and on foreign policy at the United Nations. He has written extensively on health care, social policy, and economic development. He was a member of the Board of Contributors of the Wall Street Journal. He is co-author of Wall of Silence, The Treatment Trap, and The Battle Over Health Care.
Title: Medicare Meltdown: How Wall Street and ...
Publisher: Rowman & Littlefield Publishers
Publication Date: 2013
Book Condition: Used: Good
Book Description Rowman & Littlefield Publishers, 2013. Book Condition: Good. 1st Edition. Ships from Reno, NV. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP92659523
Book Description Rowman & Littlefield Publishers, 2013. Book Condition: Very Good. 1st Edition. Former Library book. Great condition for a used book! Minimal wear. Bookseller Inventory # GRP77911874
Book Description Rowman & Littlefield Publishers. Hardcover. Book Condition: VERY GOOD. little to no wear, pages are clean. The cover and binding are crisp with next no creases. Bookseller Inventory # 2778909721
Book Description Rowman & Littlefield Publishers. Hardcover. Book Condition: VERY GOOD. Cover and pages show some wear from reading and storage. May have creases on the cover and binding caused from handling and reading. Some pages may contain writing and or highlighting. Bookseller Inventory # 2792206367
Book Description Rowman & Littlefield Publishers, Incorporated. Hardcover. Book Condition: Very Good. Ex-Library Book - will contain Library Markings. Book shows a small amount of wear - very good condition. Bookseller Inventory # G1442219793I4N10
Book Description Rowman & Littlefield Publishers. Book Condition: Used - Very Good. 2013. Hardcover. Very Good. Bookseller Inventory # Z0201899
Book Description Book Condition: Very Good. Book Condition: Very Good. Bookseller Inventory # 97814422197933.0
Book Description 2013. HRD. Book Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Bookseller Inventory # TN-9781442219793
Book Description ROWMAN LITTLEFIELD, United States, 2013. Hardback. Book Condition: New. Language: English . Brand New Book. Rosemary Gibson and Janardan Prasad Singh weave two hotly-debated issues in American political and economic life: the Medicare program and its future, which is up for grabs, and the growing influence of the healthcare industry, Wall Street investment firms, private equity firms, and hedge funds that are cashing in on the business of Medicare. Medicare Meltdown reveals what the ties that bind Wall Street and Washington mean for Medicare s future and for boomers who will depend on it. Bookseller Inventory # ANB9781442219793
Book Description Rowman and Littlefield, 2013. HRD. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # CW-9781442219793