Joe Biden has inched closer to Medicare for All, promising last week to expand the health program to all Americans over 60. But Mr. Biden’s plan relies on large cuts to hospital revenues that won’t fly in Congress, especially among Democrats. More to the point, his expansion is poorly designed if the goal is to help the uninsured.
Mr. Biden proposes reducing the age of Medicare eligibility from 65, thus establishing an option for older workers that would be heavily subsidized by taxpayers. Employers would be prohibited from...
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