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Follow us The insurance value of Medicare
Baicker, K., and Helen Levy. 2012. "The insurance value of Medicare." The New England Journal of Medicine, 367(19): 1773-5.
Medicare should provide access to care and protection from catastrophic spending while not being so generous that beneficiaries overconsume low-value care, thus driving up costs. Setting cost sharing is a balancing act that the Medicare program doesn't perform very well.
DOI:10.1056/NEJMp1210789 (Full Text)
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