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Medicare keeps costs down through broad spreading of risks throughout the large pool of covered persons, coupled with universal participation. Other essential elements of the program include freedom of choice of doctor, accountability for high quality of care, and fair payment to health care providers to ensure broad participation. Areas for improvement in Medicare include limitations on out-of-pocket costs, a buy-in program for people aged 55 -65, and giving the program the ability to negotiate lower prescription drug prices. |
