Health care spending will consume about half of the U.S. economy in 75 years if nothing is done to curb growing costs, according to a Congressional Budget Office report released on Tuesday....
CBO Director Peter Orszag on Tuesday said that policymakers are focusing on the wrong issue by weighing the effects of the aging baby boom generation on health care costs rather than looking into treatment effectiveness and quality.
"The nature of the long-term fiscal problem has been misdiagnosed," Orszag said,… more