Anyone familiar with the federal budget outlook knows that, along with interest on the national debt, the growing cost of health benefit programs is the main driver of long-term budget deficits. According to the CBO, the cost of Medicare, Medicaid,…
By Joseph Antos, AEI and Alice M. Rivlin, Brookings This paper was prepared as part of a Concord Coalition project on fiscally responsible economic growth. Generous financial support was provided by Jeff Fox, Chairman and CEO of Harbour Group, St. Louis Missouri. For a full…