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The Medicare Challenge: It’s Not Just About Prescription Drugs before the Special Committee on Aging United States Senate

Congressional Budget Office Testimony Statement of Douglas Holtz-Eakin, Director The Medicare Challenge: It's Not Just About Prescription Drugs before the Special Committee on Aging United States Senate March 20, 2003 Mr. Chairman and Members of the Committee, I appreciate the opportunity to discuss the future of the Medicare program with you. Medicare is the federal government's largest health care financing program and, with projected outlays of $277 billion this year, the second largest federal program overall after Social Security. It is the principal payer of medical bills for some 40 million elderly and disabled people, with payments . . .

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