15% versus 9% of GDP
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Jan18-11, 09:48 PM
Yah wouldn't the baby boomers and their greater enrollment of government sponsored health care programs (medicare) be responsible for this? Come to think of it... does Europe have a 'baby boomers' generation?
Yes! And they have a far greater demographic issue due to many old, few young workers. Large amounts of immigration make the demographic issue somewhat less in the US.