The Long-Term Outlook for Health Care Spending
About This Event

Spending on health care has been growing faster than the economy for many years, representing a challenge both for the government’s two major health insurance programs, Medicare and Medicaid, and for the private sector. The Congressional Budget Office (CBO) has just released an important new study suggesting that future health care spending could be even higher than other government agencies project. CBO director Peter Orszag will discuss this study as well as recent research on the federal government’s long-term budget. Thomas P. Miller, a resident fellow at AEI, will comment. Kent Smetters, a professor at the Wharton School and a visiting scholar at AEI, will moderate.

8:45 a.m.
Registration and Breakfast
Peter Orszag, Congressional Budget Office
Thomas P. Miller, AEI
Kent Smetters, AEI and Wharton School
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AEI Participants


Thomas P.


  • Kent Smetters is the Boettner Chair Associate Professor at the University of Pennsylvania's Wharton School and a faculty research fellow at the National Bureau of Economic Research. He previously served as deputy assistant secretary for economic policy at the U.S. Treasury. He coauthored Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities (AEI Press, 2003) and coedited The Pension Challenge: Risk Transfers and Retirement Income Security (Oxford University Press, 2004). He has published academic articles in leading journals, including the American Economic Review, the Journal of Political Economy, and The Quarterly Journal of Economics. He is often cited in major media outlets.
  • Phone: 215-898-9811
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