Day: October 8, 2009

Individual Accounts Can Save Medicare

Eric FruitsCascade Commentary

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Summary:Medicare is a “pay-as-you-go” system in which today’s workers are taxed to pay for today’s spending. Unfortunately, demographics and economic reality make this model unsustainable. A pay-your-own-way system of individual accounts will ensure that today’s workers receive high quality medical care when they become tomorrow’s retirees. (more…)

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