Boston University Economics Professor Laurence Kotlikoff has provided a conceptual alternative to Medicare, and he is seeking support of the new health care initiative in the form of endorsements of The Purple Health Plan.
Kotlikoff provides frequent commentary on the dire state of government finances in the United States. Health care spending and Medicare are fundamental drivers of this fiscal distress, and Professor Kotlikoff is seeking consensus on viable alternatives to Medicare.
The Purple Health Plan seeks to cap the government's liability by turning the defined benefit Medicare program into a voucher-based defined contribution system.
Additional features of the proposed health plan...