Mr. Orszag (head of the Congressional Budget Office) in the Wall Street Journal brings us today’s ah ha moment “…we have to pay even more attention to the health-care costs that exert the dominant influence on our fiscal future.” It’s worth checking out the whole piece, where Orszag reminds us that our growing fiscal concerns are not really about the coming retirement of the baby boomers, but the ever exploding cost of health care. He also makes the important point that it is not a Medicare or Medicaid problem – the challenges in health care are system wide and reform is needed to ensure our nation’s long term fiscal health.
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