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Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
A mixed picture emerges from a new study commissioned by the Peter G.Peterson Foundation on America's Affordable Health Choices Act of 2009 (H.R. 3200).
The study examines the most recent version of Patient Protection and Affordable Care Act and the House-passed Affordable Health Care for America Act, and it provides the first long-term comparative analysis of the costs of the House and Senate health care reform legislation.
Controlling our structural budget deficits will require major changes in budget policy.
Most Medicaid dollars are spent on disabled and elderly beneficiaries, whose incomes and financial resources are low enough to qualify for the program.
Who Pays For Medicare?
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
A large, comprehensive plan that addresses our long-term structural deficits is clearly the best way forward for America’s future economy. However, more modest proposals, which would begin to take meaningful steps towards putting our debt on a sustainable path, would also be worthwhile.
CBO projects that federal debt will climb to 141 percent of GDP within 30 years — exceeding the highest level of debt ever recorded at the end of World War II by a large margin.