Getting Medicare costs under control is a full-time job. But some proposed cost-cutting measures could end up doing more harm than good.
Take the legislation introduced in the House and Senate by Representative Lloyd Doggett (D-TX) and Senator Sherrod Brown (D-OH), respectively. Their "Medicare Negotiation and Competitive Licensing Act" is designed to reduce costs by altering the financing structure of Medicare Part D, the prescription drug benefit for seniors.