Proposed Medicare & Medicaid Restructuring Options with Large Benefit Cuts and Tax Increases

Restructure Medicare & Medicaid: Combination of Reducing Benefits (Including Covered Lives) & / or Raising Taxes Consider: 1) Reduce Medicare benefits by 53%? and/or 2) Increase Medicare tax rate from 2.9% to 6.8%? and/or 3) Some combination of all / some the above However you look at it, this math is draconian. A 53% cut in Medicare benefits and / or more than doubling taxes are unrealistic. The situation for Medicaid is even worse, as Medicaid has no dedicated funding source. Neither Medicare nor Medicaid has yet fully faced up to the crisis and reform that Social Security experienced in the early 1980s. KP www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 277 Restructure Medicare & Medicaid: Policy Option #2 lsolate and address the drivers of rising healthcare costs KP www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 278 HOUSE_OVERSIGHT_020980