How Medicare Costs Can Be $180 Billion Lower Over 10 Years

Combining Medicare's hospital, physician, and prescription drug coverage with private supplemental coverage into one health plan could save the government and seniors $180 billion over a decade, according to a new analysis from The Johns Hopkins Bloomberg School of Public Health and advocacy group The Commonwealth Fund.  Under the proposed plan, called "Medicare Essential," Medicare costs would be $63 billion lower between 2014 and 2023, with total premium and out-of-pocket costs for beneficiaries estimated to be 17 percent to 40 percent lower than current costs. read more

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