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Health Care Expenditures in the OECD and a Comparison to the United States
National Bureau of Economic Research [NBER] Link to more items from this source
June 23, 2006
Excerpt: [T]he authors calculate the share of total benefit growth that is attributable to demographics. They find that demographics are relatively unimportant; on average, three-quarters of health care expenditure growth can be traced to growth in benefit levels.... Assuming a 3% discount rate, the U.S. is projected to double expenditures as a share of today's GDP in 20 years and triple them in 40 years.

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