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Wednesday, November 14, 2007
CBO's Health Care Projections
CBO just released an impressive document on health care costs and long-term fiscal issues. It includes:
- A more realistic projection of health care costs, absent changes in federal law
- The relative importance of an aging population, health care costs, and social security costs
- A systematic explanation of the rise in health care costs and its value
- A discussion of possible remedies to excess health care costs
It's encouraging that CBO's examination of health care costs is becoming more sophisticated and detailed. They have clearly shifted a considerable amount of resources into studying health care, and hopefully the think tanks, policy experts and lawmakers who control the debate over long-term fiscal issues will do likewise. Addressing health care costs, after all, is much more important than addressing forecasted shortfalls in Social Security.
Posted by Matt Lewis
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