The Medicare prescription drug program was a design disaster because it maximized choice—40 to 60 options per state varying by state—and assigned people who failed to choose to a plan randomly rather than via sensible guided defaults, offering no help to seniors trying to identify the best plan.
causalpending
Speaker
Richard ThalerEvidence Quote
“there are forty to sixty options in each state”
Created: 6/13/2026, 7:01:05 PM
My Notes
Loading notes...