News Headlines Article

Real health care reform is the only way out of budget woes
San Francisco Examiner

Simply put, our coming debt crisis is a health care cost crisis. In 1971, the government spent 1 percent of gross domestic product on Medicare and Medicaid. Four decades later, spending on these two programs has more than quintupled to 5.6 percent of the GDP last year.

In its latest long-term outlook document, published in June, the Congressional Budget Office projected that spending on these programs, and on the new entitlements created by Obamacare, will reach 10.4 percent of the GDP by 2035 and 13 percent by 2050.