An Aging Population+Rising Medical Cost = Exploding Debt

Courtsey of the Incidental Economist.

The health act may have the seeds of reigning in the explosion in health costs and a worsening fiscal situation. I think the Obama reform may raise a number of challenges, but realistically I don’t think we could have just continued the status quo. The latter is all the GOP seemed to propose.

I continue to think Obama is on the right track, even if the politics are not going his way right now.

The Incidental Economist Posts

via Cowen’s Road.

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