The study's savings estimate was off by about $50 billion because of an error in handling relative wage rates between the US and Canada—in 1999 the Canadian dollar was worth only about 75-80 cents, so Canada spent less partly because it paid less for administrative personnel.
causalpending
Speaker
Henry AaronEvidence Quote
“that was up made their estimate off by 50 billion”
Created: 6/15/2026, 9:20:32 AM
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