- Nov 9, 2000
- 19,441
- 86
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http://www.businessinsider.com/cbo-...core-presidential-health-care-argument-2010-6
The third thing it seems I assume we can all agree on is that over the last decade costs have doubled for health care in America costs have doubled for government-provided health care, but everybodys health care. And that that meant that right now everybody knows that that wrecks budgets, it wrecks state budget, it wrecks family budgets, it wrecks federal budgets. Every 35 cents of every dollar spent on health care is spent by the federal government or the state governments for Medicare and Medicaid 35 cents on the dollar. That doesnt count veterans and other things, just those two. And so and whats happened is on the dollar, on every health care dollar.
And so were facing, all of us around this table, Democrat and Republicans, are facing the fact that theres $919 billion now were spending on Medicare and the federal portion of Medicaid, and that if things I dont see any firewall is going to keep costs from doubling again, were going to be talking about in the year 2019 were going to be spending $1.7 trillion if we dont do something to bend that curve.
Just think.... thanks to obama and the democrats... the days of $1.4 trillion deficits will not seem so bad. In 2019 we can look back and say remember the days of the small deficits and smoking economy in 2010. Likely it will be a republican who inherits this from obama and since the U.S. public has short term memory... due to a faltering economy in the future, the American voters will run back to the democrats.
The third thing it seems I assume we can all agree on is that over the last decade costs have doubled for health care in America costs have doubled for government-provided health care, but everybodys health care. And that that meant that right now everybody knows that that wrecks budgets, it wrecks state budget, it wrecks family budgets, it wrecks federal budgets. Every 35 cents of every dollar spent on health care is spent by the federal government or the state governments for Medicare and Medicaid 35 cents on the dollar. That doesnt count veterans and other things, just those two. And so and whats happened is on the dollar, on every health care dollar.
And so were facing, all of us around this table, Democrat and Republicans, are facing the fact that theres $919 billion now were spending on Medicare and the federal portion of Medicaid, and that if things I dont see any firewall is going to keep costs from doubling again, were going to be talking about in the year 2019 were going to be spending $1.7 trillion if we dont do something to bend that curve.
Just think.... thanks to obama and the democrats... the days of $1.4 trillion deficits will not seem so bad. In 2019 we can look back and say remember the days of the small deficits and smoking economy in 2010. Likely it will be a republican who inherits this from obama and since the U.S. public has short term memory... due to a faltering economy in the future, the American voters will run back to the democrats.
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