Liberals, like Bernie, make the mistake of assuming that Medicare is great insurance. It’s actually very outdated and a little crappy.
— Matthew Martin (@hyperplanes) November 18, 2015
As the Democratic primary season actually starts to heat up anywhere other than in the households and computer screens of political junkies of the Democratic Party, here is a public service announcement:
Medicare is decent insurance but not great insurance. It’s actuarial value is roughly 84% on average, and there is no limit on total exposure of individual costs if a person runs up a million dollar claim. There are some odd limitations on benefits and services, and there are significant barriers to integrating non-medical services into the payment schema to reduce total medical spending while also improving quality of life. Medicare is vastly superior to the next best alternative for a 77 year old but it is not an optimal insurance plan.
And now that I’ve thrown that hand grenade into the discussion, let’s also have a civil conversation of Mac vs. PC.