Performance Budgeting and Management White Papers
Incorporating Longevity Effects Into Long-Term Medicare Projections
Overview The cost of the Medicare program will increase dramatically as the baby boom generation reaches retirement. Results from the Congressional Budget Office Long-Term Model (CBOLT) indicate that Medicare costs will equal more than 9 percent of GDP by 2078. This paper considers the impact of replacing the Centers for Medicare and Medicaid Services approach of using an age- and sex-based model with one that is also based on age and sex but adds time until death to the forecasting model.
| Publisher | Congressional Budget Office | File Format | |
|---|---|---|---|
| Date Published | January 2004 | Downloads | 1 |
| Format | White Papers | ||
| Topics | |||
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