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July 13, 2009

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caheidelberger

So the solution is to get rid of Medicare and make retirees buy their own health coverage at the rates the private insurance market will set, right?

Steve Sibson

Cory,

If you let free markets establish the rates without government intervention, those rates would be much lower. At least that was the way it worked before Medicaid and Medicare came into existence. It was before your time, but there was a time when premiums were affordable.

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