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February 24, 2019
Medicare for all? How about paying for the Medicare we have now?
A new report from Health Affairs on healthcare expenditures over the next decade and it is not good news. With Democrats ready to make their single payer, "Medicare for all" plan a litmus test for 2020 presidential candidates, the numbers in this report argue persuasively that the $32 trillion price tag for the Dems single payer plan is not the question. The real question is "How are we going to pay for the Medicare program we already have?" Reason.com: This week, Medicare's actuaries released a new report projecting that over the next decade, national health spending will grow 0.8 percent faster than the economy each year, eventually reaching $5.96 trillion. As a result, health spending as a percentage of gross domestic product is set to grow from 17.9 percent last year to 19.4 percent in 2027. Health care spending will then consume nearly a fifth of America's total economy. That figure accounts for both public and private...(Read Full Post)