Quote from a letter to the editor New York Times:
It would be better simply to extend Medicare to everyone over 55; the additional expenditures would be more than offset by savings in premiums and out-of-pocket costs.
Magically savings in premiums will materialize to offset expanding Medicare to millions of more Americans. Amazing. Exactly how will this be achieved?
Will we simply force health care providers to accept Medicare rates and ignore the consequences? Will we tell patients they will pay more than under Obamacare because they must purchase supplemental coverage plus drug coverage? What will Medicare do to control costs that private carriers don’t do? What will Medicare do to control costs that it doesn’t do now?