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A Firm Target for Medicare Sustainability and a Workable Approach to Get There

Recorded on July 23, 2009

Location: The Heritage Foundation's Allison Auditorium

Presidents, Members of Congress, and policy analysts across the political spectrum agree Medicare, like Social Security and Medicaid, is massively unsustainable in its current form. The funding shortfalls under current law will, over time, overwhelm federal finances  Moving past general agreement over the problem toward sensible solutions requires two important steps. The first step is agreement on the quantification of the problem and the magnitude of the solution. Washington cannot make the necessary hard choices if it lacks a firm, agreed upon target. The second step is a workable, politically viable approach that can approach, if not reach the target. This panel will present an approach to determining a target and to hitting the target.

Location: The Heritage Foundation's Allison Auditorium

Presidents, Members of Congress, and policy analysts across the political spectrum agree Medicare, like Social Security and Medicaid, is massively unsustainable in its current form. The funding shortfalls under current law will, over time, overwhelm federal finances  Moving past general agreement over the problem toward sensible solutions requires two important steps. The first step is agreement on the quantification of the problem and the magnitude of the solution. Washington cannot make the necessary hard choices if it lacks a firm, agreed upon target. The second step is a workable, politically viable reform that can approach, if not reach the target. This panel will present an approach to determining a target and to hitting the target.