Can President Trump’s Executive Order Fix Medicare? (Guest: David Hyman)
David Hyman discusses the fundamental problems with a “transfer” program and how the U.S. might look to senior health programs like that in Singapore.
Medicare is a program Americans have come to know and love. But it is faced with a number of challenges, fiscal stability, waste, fraud and abuse. On October 3, President Trump delivered an executive order aimed at shoring up Medicare. Hyman discusses the fundamental problems with a “transfer” program and how the U.S. might look to senior health programs like that in Singapore.
Hyman is an expert on health care policy, as a medical doctor, professor of law at Georgetown University and Cato fellow. The podcast discusses Medicare in general, the problems of a “pay as you go” system, Medicare’s trust fund, its vulnerability to politics, waste, fraud and abuse and why a tax-advantaged savings program similar to a 401k might be a better way to address Medicare’s fundamental problems. Do Americans have the will to take more responsibility for senior health?