Medicare saves money, Paul Krugman argues: Yes, adjusting for inflation, Medicare spending per...

|By:, SA News Editor
Medicare saves money, Paul Krugman argues: Yes, adjusting for inflation, Medicare spending per beneficiary rose more than 400% from 1969-2009. But inflation-adjusted premiums on private health insurance rose more than 700% over the same period. "So while it’s true that Medicare has done an inadequate job of controlling costs, the private sector has done much worse."