“Why Would A 50-Year-Old Want To Join Medicare?,” by John C. Goodman, Forbes

Quote:  “Medicare is lousy insurance. Anyone who leaves an employer plan to join Medicare will immediately become aware of some stark differences. To begin with, Medicare doesn’t have any cap on catastrophic costs for the patient – something all private insurance is required to have. If a Medicare enrollee stays in a hospital long enough, eventually she will have to pay 100 percent of the bill, no matter how high the costs soar.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Read this column by a top free-market analyst about the perfect disaster Medicare has become and ask yourself, do you really want to turn long-term care over to the same program or anything like it? That’s exactly what most prominent LTC analysts, such as Judith Feder, Marc Cohen and Howard Gleckman advocate.