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Schweikart frames health‑care crisis: ‘Cut or innovate,’ urges tech‑led solutions to looming Medicare shortfalls
Summary
At a Joint Economic Committee roundtable, Chairman David Schweikart warned that demographic shifts and federal borrowing put Medicare and Social Security trust funds on an urgent timeline and pressed innovators and providers on technology‑driven approaches to reduce costs and expand access.
Chair David Schweikart opened a Joint Economic Committee roundtable by warning that fiscal and demographic pressures require a strategic shift from deficit‑driven cuts to technology‑led innovation. Citing recent Congressional Budget Office updates, he said the combined pressures on Social Security and Medicare require urgent attention and that simply trimming budgets will not be sufficient.
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