Health care inflation as a cause of future budget deficit: "worse than the bailout"
2:45 AM
David Leonhardt, an economics columnist in the NYTimes, notes that the Congressional Budget Office's estimates of the future cost of Medicare and Medicaid given current medical inflation would add $900 billion to the federal budget every year. Note that the presidential candidates continue to have no serious plan that will lower health care inflation, although both have suggested that prevention can save big dollars in the future. A guest op-ed, also in the NY Times, points out the fallacy of this argument.