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"The single most important fiscal issue facing the developed world is its aging population." So write Gruber and Wise in chapter 2 of this excellent and most timely product of a 1999 conference. The mandate of the conference was to "consider the challenges of providing health and income security to the aging U.S. population."
As this book demonstrates, the task is not easy: Social Security, Medicare, and Medicaid, the financial supports of security for the elderly, have increased from representing 20 percent of the federal budget in 1970 to accounting for 40 percent of the budget in 1999 and, including
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