Document Type

Article

Date

2007

Embargo Period

10-5-2010

Keywords

Medicare; Medicaid; Budget gap; Health costs

Language

English

Disciplines

Economics

Description/Abstract

The United States spends a sixth of its GDP on health care. The costs of Medicare and Medicaid have grown along with the cost of health care in general in the United States. The paper addresses the large budget gap that will emerge in Medicare and Medicaid in the decades to come. It describes program financing and some of their main features and explains the projections of the U.S. Congressional Budget Office as well as those of the U.S. appointed Board of Trustees of Social Security, Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds. Finally, the article discusses measures that might be taken to close the budget gap facing the Medicare and Medicaid Porgrams.

Additional Information

This paper is based on a lecture given at the University of Chile on August 7, 2006.

Source

Google Scholar

Included in

Economics Commons

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