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OMT
One Man's Trash...from Norman Leahy
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Thursday, August 04, 2005 :::
Sanford Proposes Radical Shift for Medicaid
Via Andrew comes word of South Carolina Governor (and OMT presidential choice) Mark Sanford's proposal to inject a bit of market discipline into Medicaid.
Under Sanford's proposal, Medicaid would be dramatically transformed. It would no longer provide unlimited care, instead offering beneficiaries -- mostly mothers with children -- a fixed amount of money each year to buy insurance and pay out-of-pocket costs. If they run through their accounts, they would have to pay for additional care on their own. But if they hold spending down, they could bank the leftover money to pay future medical costs -- or even use it to buy private insurance if they leave the program. "This is the biggest change ever for Medicaid," says Cleveland State University finance professor Michael Bond, who helped design the plan.
Any such plan must first receive federal approval, and there will probably be an enormous fight over the nuts and bolts of the proposal.
But it bears watching. And Virginia's politicians would be wise to turn their eyes south to see what happens.
::: posted by Norman Leahy at 8/04/2005
1 comments
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ARCHIVES :::
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"You know what the fellow said: In Italy for 30 years under the Borgias they had warfare, terror, murder and bloodshed, but they also produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love -- they had 500 years of democracy and peace, and what did that produce? The cuckoo clock." -- Orson Welles, The Third Man
"The graveyards are full of indespensable men" -- Charles de Gaulle
"Oh, so Mother Nature needs a favor? Well maybe she should have thought of that when she was besetting us with droughts and floods and poison monkeys. Nature started the fight for survival and now she wants to quit because she's losing. Well I say, hard cheese!" -- Montgomery Burns
"Don't pretend that you know me...cause I don't even know myself" -- The Who
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