The long-awaited National Commission on Fiscal Responsibility and Reform “Moment of Truth” report includes a litany of proposed changes to tackle the nation’s deficit including healthcare cost containment proposals.
Document Excerpt
Federal health care spending represents our single largest fiscal challenge over the long-run. As the baby boomers retire and overall health care costs continue to grow faster than the economy, federal health spending threatens to balloon. Under its extended-baseline scenario, CBO projects that federal health care spending for Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and the health insurance exchange subsidies will grow from nearly 6 percent of GDP in 2010 to about 10 percent in 2035, and continue to grow thereafter.
RSS Feeds