The Drum Plan
Kevin Drum’s Medicare reform plan strikes me as well worth considering, and most certainly creative. At first blush, I suspect that its ultimate effect would be essentially the same as most proposals for means-testing Medicare. And, as Will Wilkinson points out, it would most certainly set off “a game of regulatory whack-a-mole.” Still, trusts and estates are already a “game of regulatory whack-a-mole,” so I’m not at all certain Drum’s proposal does much worse than marginally exacerbate an existing problem. It is also, I think, vastly more politically feasible than most proposals for cutting Medicare’s costs.
Alas, “more politically feasible” does not mean remotely the same thing as just “politically feasible.”