Friday, August 1, 2008

Are People Living Longer Going To Strain The Economy?

>Are People Living Longer Going To Strain The Economy?

Appears that the answer is no.

According to a research study by the AARP, the cost of entitlement programs, such as social security, Medicare and Medicaid, have remained remarkably steady as a percentage of the gross domestic product.

It is even a smaller percentage today than when Ronald Reagan became president 26 years ago.

The researchers found that the real problem is out-of-control health care costs. These increasing costs are due in large measure to advances in medical technology. The AARP’s position is that we have to make the health care system more effective, efficient and affordable, and it has to be done now.
(Reported AARP November & December 2007)

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