US health costs out of control.
This post comes from CNN.com. “at an alarming rate. If recent trends continue, the two main government programs, Medicaid and Medicare, will increase from 6 percent of the nation’s Gross Domestic Product now to about 15 percent by 2040.
This means that, without policy changes, the United States faces enormous budget deficits, substantially higher taxes, or huge cuts in non-health spending.
No one wants higher deficits or taxes, and there is no consensus about cutting other spending. The only way to avoid some combination of these outcomes, however, is to reduce the growth rate of what we spend on health. The question, of course, is how? Click here to read the rest of this article.
