Medicare is financially unsustainable and undermines the healthcare system’s viability. While it is easy to overlook these issues and focus on patient satisfaction surveys, that is akin to judging the success of the Titanic’s voyage based on the dinners that first class guests were served.
Medicare’s long-term financial outlook is in dire straits. While spending is already historically high, the Congressional Budget Office (CBO) projects that, without fundamental reform, things will only get worse.
According to the CBO, total government spending will grow from 23.3% of GDP in 2025 to 26.6% in 2055. Almost two-thirds of this growth is expected to come from out-of-control Medicare spending. In short, on its current trend, Medicare is simply unaffordable. It is also undermining the viability of the broader healthcare system.
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.
Lousy Medicare Insurance Is Worsening Outcomes For All Patients
Wayne H Winegarden
Medicare is financially unsustainable and undermines the healthcare system’s viability. While it is easy to overlook these issues and focus on patient satisfaction surveys, that is akin to judging the success of the Titanic’s voyage based on the dinners that first class guests were served.
Medicare’s long-term financial outlook is in dire straits. While spending is already historically high, the Congressional Budget Office (CBO) projects that, without fundamental reform, things will only get worse.
According to the CBO, total government spending will grow from 23.3% of GDP in 2025 to 26.6% in 2055. Almost two-thirds of this growth is expected to come from out-of-control Medicare spending. In short, on its current trend, Medicare is simply unaffordable. It is also undermining the viability of the broader healthcare system.
Read the op-ed here.
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.