Tuesday, March 26, 2013

"Key Medicare Factors: Aging Population, More Beneficiaries"
Conc Coal Mar 5 
http://concordcoalition.org/washington-budget-report/517604/10-2013

"Among budget wonks, there is something of a consensus that the projected upward trajectory of our debt is caused primarily by projected growth in federal health care programs. The short-hand version: The nation’s fiscal challenge is really “just a health care problem.”

Yet Concord Coalition Policy Director Joshua Gordon says in a recent blog post that this shorthand is misleading because over the next 20 years, inflation from an inefficient and poorly incentivised health care system is not a big problem for Medicare. Instead, recent reports from the CBO, HHS and the GAO show that nearly three-quarters of Medicare’s spending increases can be attributed to the aging of the population and the growing number of beneficiaries. . . "