by Mark Thoma, University of Oregon (Department of Economics)

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Health Care Costs: An Aging Population is Not the Problem

Posted on April 10, 2008

A summary of Maggie Mahar's summary of a talk by Uwe Reinhardt on the source of rising health care costs. As noted here many times, an aging population is not the problem, it's a combination of technological innovation and rising labor costs:The Mythology of Boomers Bankrupting Our Healthcare System, by Maggie Mahar, Alternet: ...[D]eveloped countries share many of the same problems. One that stands out is the fact that our populations are aging. Each country faces the same question: How will a shrinking work force possibly pay for the medicine their nations' retirees will need?This brings me ...

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inflation , supply side