"Means Testing Medicare" WSJ
BQ:
Means-testing Medicare is much odder than this indicates, and I'm glad comments are open.
First, Medicare Part B and Part D are heavily means testing - earn $150K while getting Medicare and your premium will be $1000 a month, not $200. Part B and D are minimaly subsidized today, for higher-earners.
Second, Medicare Part A is the same for everyone. But if you want free markets for "the top 20 percenters," and no government involved, look to having exclusion for pre-existing conditions in 75 year olds, and look to hospitalizations costing $300,000 out of pocket instead of the $30,000 Medicare Part A pays at.
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