
According to @mfcannon, Medicare Advantage doesn’t just cost more. It redistributes subsidies away from sicker enrollees toward healthier ones.
cato.org/blog/medicare-…
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This occurs because: 1) Govt controls a larger share of health spending in the US than in most OECD nations 2) The health sector spends more than any other economic sector to protect wasteful spending 3) Deficit spending reduces countervailing pressure from taxpayers


