For the first time, government programs next year will account for more than half of all U.S. health-care spending, federal actuaries predict, as the weak economy sends more people into Medicaid and slows growth of private insurance.
The figures show how federal and state spending is taking a bigger role while Congress hesitates over a health-care overhaul.
Government health programs are a growing burden on the federal budget, which is running annual deficits of more than $1 trillion, and rising health costs continue to batter private industry.
By 2020, according to the new projections, about one in five dollars spent in the U.S. will go to health care, a proportion far beyond any other industrialized nation.
Answer by Anonymous at 9:36 AM on Feb. 4, 2010
Answer by Anonymous at 9:44 AM on Feb. 4, 2010
Answer by Carpy at 9:47 AM on Feb. 4, 2010
Take the gov OUT of the ins industry and let the market set itself.
The market has preyed upon the people. Its just as corrupt as wall street
Answer by sweet-a-kins at 9:52 AM on Feb. 4, 2010
Reduce Admin costs-substantially
Answer by Sisteract at 9:55 AM on Feb. 4, 2010
I don't think there is much argument that we need reform. But we need reforms that actually help everyone and doesn't penalize those that provide insurance for themselves. There are smaller more meaningful reforms that they could do that would make it easier and less costly to get insurance coverage. The real problem is getting people covered that have pre-existing conditions and those that cannot afford to provide for themselves through no fault of their own.
IMO, the only thing that the government is more efficient at than the private sector is war. Everything else is riddled with waste and red tape. Putting them in charge of health care would be one of the worst moves we could make.
Answer by QuinnMae at 9:55 AM on Feb. 4, 2010
Answer by Carpy at 9:56 AM on Feb. 4, 2010
Answer by Carpy at 9:58 AM on Feb. 4, 2010