Alice Rivlin’s Bid to Cut the Deficit

by news on October 24, 2010

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Alice Rivlin’s Bid to Cut the Deficit

Heidi Przybyla/Bloomberg Businessweek – The shadow panel, Rivlin says, won’t be afraid to sound the alarm. While Medicare is likely a no-go for the actual commission, she says her group will put it front and center. Medicare spending, at $519 billion, or 3.6 percent of GDP this year, is projected to hit $929 billion by 2020, the CBO says. Without any changes, it will be insolvent within seven years, Medicare trustees say. “You can’t solve the problem in any permanent sense without reducing the rate of health-care growth,” Rivlin says. “That is the central issue.”

Previous post:

Next post: