A $5,000 out-of-pocket spending cap for traditional Medicare would result in significant savings for enrollees with the greatest healthcare needs. An out-of-pocket spending cap would also result in reductions in supplementary insurance payments, premiums for Medigap plans, and federal Medicaid expenditures for enrollees dually covered by Medicare and Medicaid.
About the Urban Institute
The nonprofit Urban Institute is dedicated to elevating the debate on social and economic policy. For nearly five decades, Urban scholars have conducted research and offered evidence-based solutions that improve lives and strengthen communities across a rapidly urbanizing world. Their objective research helps expand opportunities for all, reduce hardship among the most vulnerable, and strengthen the effectiveness of the public sector. Visit the Urban Institute’s Health Policy Center for more information specific to its staff and its recent research.