Issue Brief

Applying the Defined Contribution Concept to Medicare: A Primer

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Publish Date:

07/01/2002

Category:

Policy & Research

Topics:

Medicare / Medicaid, Retirement

Medicare Steering Committee issue brief providing a primer on two approaches to reforming Medicare – should it retain its current defined benefit approach (similar to that used by traditional retirement plans) or should it be changed to a defined contribution approach (similar to that used by 401(k) retirement plans)?