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Author:Waldo, D.R.
Title:Financing health care: out of whose pocket?
Journal:Quarterly Review of Economics and Business
1990 : WINT, VOL. 30:4, p.101-113
Index terms:SOCIAL SERVICES
HEALTH SERVICE
Language:eng
Abstract:The author does not consider the steady rise of the health expenditures extraordinary. Although the economy is capable of absorbing an increasing amount of health care, the financing mechanism breaks down. The part of Medicare financed via payroll taxes will be insolvent by 2003, the rest of Medicare and all of Medicaid adds to a growing budget deficit. Further, the free market fails to provide rational long-term financing of long-term care.
SCIMA record nr: 91693
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