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The insurance value of Medicare
Katherine Baicker1, Helen Levy
1Department of Health Policy and Management, Harvard School of Public Health, Boston, USA.
The New England Journal of Medicine
|November 2, 2012
Abstract:
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.
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