Medicare costs are expected to jump from 3.8% of GDP in 2023 to 6% in just 10 years. Why is this happening? And what does it mean for everyone seeking health care in the US? 

In this episode of CEO Perspectives, Lori Esposito Murray, President of the Committee for Economic Development of The Conference Board, joins President and CEO Steve Odland to discuss how Medicare started, how it has evolved and what we can do to keep it running. 

 

Tune in to find out: 

· How did Medicare come about, and how does it work? 

· Why does Medicare’s cost as a part of the federal budget continue to grow? 

· Could increasing market competition lower costs and improve health care benefits? 

· Why should everyone, not just those nearing or at retirement, care about this issue? 

 

For more Trusted Insights for What’s Ahead: 

· Read the CED report Health Care Policy After the Pandemic 

· Watch the on-demand webcast CED Policy Watch: Health Policy After the Pandemic 

 

“Today, Medicare program costs in fiscal year 2023 are about 12% of the total federal government spending; that's about 3.8% of GDP. In 10 years this is expected to become 6% of GDP. So that’s huge.” -- Lori Esposito Murray