The Burden of Social Security Taxes and the Burden of Excessive Health Care Costs
Publication Date: March 2005
Publisher(s): Center for Economic and Policy Research
Keywords: Wage inequality; Standard of living; Health care outcomes
Coverage: United States
This report shows that the burden of excessive health care cost growth (defined as cost growth in excess of economic growth and the impact of aging) over the years 1980 to 2004 was almost 7 times as large as the tax increase that the Social Security trustees project will be needed to keep Social Security fully solvent over its 75-year planning horizon. Revised April 2005.