Long-Term Fiscal Outlook: Long-Term Federal Fiscal Challenge Driven Primarily by Health Care

Source: Government Accountability Office, GAO-08-912T, June 17, 2008

GAO was asked to provide its views on the long-term fiscal outlook. This statement addresses four key points: (1) the federal government’s long-term fiscal outlook is a matter of utmost concern; (2) this challenge is driven primarily by health care cost growth; (3) reform of health care is essential but other areas also need attention which requires a multipronged solution; and (4) the federal government faces increasing pressures yet a shrinking window of opportunity for phasing in needed adjustments.

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