Unlike 1994, the last time health care reform failed, no one wants the status quo. But that’s exactly what will happen if President Obama and Democrats in Congress don’t get their act together.
Think of it as the health care death spiral: More people will go without coverage, fewer employers will provide it, and it will get more and more expensive.
How expensive? Take Medicare and Medicaid for example. This year those two programs alone will cost $725 billion, which is 50% more than Congress provides for all domestic programs. That figure is expected to rise to $950 billion by 2014. According to Congressional Budget Office Director Peter Orszag, “the fiscal course we’re on is…unsustainable.”
Filed under: Advocacy, Health Care, Politics | Tagged: Barack Obama, CMS, congressional budget office, David Wessel, discretionary spending, harry reid, Health Care, health care reform, health care spending, medicaid, Medicare, nancy pelosi, peter orszag, urban institute, wall street journal |