Quality. Independence. Impact.

Home | Contact Us | Media Resources

Sunday July 6, 2008

Welcome   |   Register   |   Log in

Past Event

A Brookings Health Policy Initiative Public Forum

Biting the Bullet on Health Care Costs

Health Care, Medicare

Event Summary

Brookings Senior Fellow Isabel Sawhill will moderate the first of a series of public discussions on the Brookings health policy initiative. This forum will focus on strategies to slow the growth of health care spending, particularly in Medicare and Medicaid. Two leading scholars on health policy issues, Henry Aaron from Brookings and Rudy Penner from the Urban Institute, will discuss their views on the long-term challenges associated with controlling health care spending. Liz Fowler, a professional staff member with the Senate Finance Committee, and Dean Rosen, health policy director for the Office of Senator William Frist, will provide their perspective on these issues from the viewpoint of Capitol Hill.

Event Information

When

Monday, June 20, 2005
4:00 PM to 6:00 PM

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Ave., NW
Washington, DC
Directions

Contact: Office of Communications

E-mail: communications@brookings.edu?Subject=June 20 Event - Biting the Bullet on Health Care Costs

Phone: 202.797.6105

As a result of their size and impact, decisions about health care policy are perhaps the most important domestic policy choices that the nation will make over the coming decades. The challenge for the nation, for public policy, and for the private sector, will be to realize the potential of advances in medicine at a price we can all afford.

The public session is intended to inform Brookings' efforts to deepen its health policy research, and find practical approaches to health care policy issues. A question and answer session will follow the panel's remarks.

Transcript

HENRY AARON: The starting point of all of this, I think, is that we are entering or are in an era of truly extraordinary opportunity for the transformation of human life through advances in medical science. There are realistic prospects of identifying cures for major debilitating conditions, the debilities of old age and major causes of death. We may well see major increases in life expectancy in the course of the lives of people here in this room.

One of the leading demographers in the nation, James Vaupell of Duke, admittedly an optimist, commented at a recent Brookings conference that he thought newborns today had at least a fifty-fifty chance of celebrating the beginning of the next century.

We are at the early stages of a period of enormous potential gain for human welfare precisely because of the attractiveness of those advances, they are things that we are all going to want to have and they are things that are unlikely to come inexpensively.

Historically, health care spending in the United States for about the last half-century has grown at an average annual rate of about 2.5 percentage points a year faster than the growth of income. That was a period of substantial technological advance. It was a period of some population aging on the average. But there is no reason looking ahead to the future to anticipate any particular reason given current policies, current ways of paying for health care, that that rate of increase in health care spending will slow down significantly.

Read the full transcript (PDF—123kb)

Participants

Moderator

Isabel V. Sawhill

Senior Fellow, Economic Studies

Panelists/Discussants

Dean Rosen

Health Policy Director, Office of Senator William Frist

Henry J. Aaron

Senior Fellow, Economic Studies

Liz Fowler

Principal, Health Policy Alternatives; Former Professional Staff, U.S. Senate Finance Committee

Rudolph Penner

Senior Fellow, Urban Institute; Former Director, Congressional Budget Office

My Portfolio

My New Content

View suggested content based on items you have saved to your Portfolio.
Log in or register now