The unfunded liabilities of Medicare, according to the latest generational accounting figures from economists Jagadeesh Gokhale and Kent Smetters, now amount to $35.5 trillion. That's about five times the $7.2 trillion unfunded liability of Social Security. It's also about 10 times the Treasury debt held by the public.There's also so good stuff here from John Wennberg's "Dartmough Atlas of Health Care," showing that "geography is destiny" when it comes to what sorts of health care services you get.
Worse, the Medicare liability is growing with the speed of a nasty cancer. It will increase by $1 trillion more by next year's presidential election, dwarfing the recognized federal deficit. Then it will grow $5 trillion more by the presidential election of 2008.
Health care law (including regulatory and compliance issues, public health law, medical ethics, and life sciences), with digressions into constitutional law, statutory interpretation, poetry, and other things that matter
Sunday, August 10, 2003
Health care reform.
Scott Burns' nationally syndicated column ran a particularly good story August 7th on health care as a "bet-the-country-sized problem." Here are the numbers:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment