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This panel convened voices from the private sector and academia to analyze the risk that high and rising debt poses to our economic future.
Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these vital programs.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.
CBO estimates that in 2017 the number of uninsured people under age 65 rose by 1 million people and they anticipate the total to rise by another million people this year.
Atul Gawande joined Michael Peterson on stage for an impromptu one-on-one conver- sation about how healthcare delivery reform can help reduce costs and improve quality of care.
By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but provide long-run economic benefits for American families (in terms of real GNP growth) without inflicting undue damage on the U.S. economy in the near term.
An aging population and rising per-enrollee healthcare costs will drive sharp increases in Medicare spending, which will not keep pace with the program’s funding sources.
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.