Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2023

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Wed Feb 15 14:06:33 +0000 2023

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Paul Krugman @paulkrugman

Over the past decade medical costs actually grew much less than expected — ie, these projections shouldn't be taken as gospel. And one way to deal with long-run budget problems is to tackle health costs, which are far higher here than in other advanced countries 4/ — PolitiTweet.org

Posted Feb. 15, 2023

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Paul Krugman @paulkrugman

Yes, an aging population will raise costs, and something will eventually have to be done. But much of the projected cost rise doesn't reflect demography; it reflects an *assumption* that medical costs will rise rapidly. 3/ — PolitiTweet.org

Posted Feb. 15, 2023

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Paul Krugman @paulkrugman

In other words, the data don't actually say that major benefit cuts are inevitable; modest tax hikes plus cost control might be enough. 5/ — PolitiTweet.org

Posted Feb. 15, 2023