For more than a decade, Democrats have responded to rising healthcare costs by increasing government insurance subsidies and leaving future taxpayers to worry about paying the bill. But the harm these policies have inflicted on America’s long-term fiscal health can no longer be ignored.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Healthcare Subsidies? A Ticking Time-Bomb
Sally C. Pipes
For more than a decade, Democrats have responded to rising healthcare costs by increasing government insurance subsidies and leaving future taxpayers to worry about paying the bill. But the harm these policies have inflicted on America’s long-term fiscal health can no longer be ignored.
A new study from the Congressional Budget Office (CBO) makes this startlingly clear.
The federal government spent a jaw-dropping $1.8 trillion on healthcare subsidies this year, the CBO says.
In 2033, federal subsidies for healthcare are projected to reach $3.3 trillion.
Read the full article at Newsmax
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.