An aging population and unpredictable medical costs could jeopardize Medicare and other public benefit programs, Federal Reserve Chairman Alan Greenspan said in a speech to the Philadelphia Policy Forum. "So long as healthcare costs continue to grow faster than the economy as a whole, they will exert budget pressures that seem increasingly likely to make current fiscal policy unsustainable," Greenspan said, according to a prepared text of his speech. Greenspan said the nation may have overreached in committing more resources to the baby boom generation "in its retirement years than our economy has the capacity to deliver."
Greenspan: Aging, cost growth a threat to Medicare
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