The Role of Health Care Spending in Projecting Federal Elderly Entitlement Spending
Thursday, April 23, 2009
by Andrew J. Rettenmaier and Zijun Wang
Spending on Medicare and Social Security is expected to grow considerably in coming years, commanding an increasing share of the nation's output. This study begins by comparing the long-run forecasts for Medicare and Social Security made by the Congressional Budget Office (CBO) and the forecasts presented in the respective trustees' reports.