Why Do Elderly Americans Have Swiss Cheese Coverage?


By Chris Conover
Forbes, Dec. 30, 2018

People 65 and older accounted for more than one third of U.S. medical spending. Yet even though government pays for 65% of the elderly’s medical expenses, the burden of health spending (out-of-pocket expenses as a percentage of income) is much higher among the elderly than among those below age 65, largely because of Medicare’s swiss-cheese coverage. Switzerland might offer a better solution:  Rather than segregate people into programs that offer inferior coverage, Switzerland created a rational income-related subsidy structure. Switzerland ranks #5 on the World Happiness Index, while the U.S. ranks #18. I’m guessing America’s Swiss-cheese-style Medicare coverage accounts for at least some of this difference. Click here to read more.