The United States National Debt will exceed the United States economy by 2021. It will be worth 200% of the GDP with in 25 years. What are the major factors contributing to the mass amounts of debt this nation is acquiring? The increasing payments made out for social security, Medicare and Medicaid according to the
Washington Post. Contributing to these figures are the aging population of the United States and the increasing cost of healthcare. If the government doesn't find a way to better account for the money that is being spent in the long run, these items will bankrupt the country. Many of the politicians do not see raising taxes as the answer, but if not, what is? The current debate is raging around whether or not to increase the debt ceiling.
The article concludes with this quote from House Majority Leader Eric Cantor (R-Va):
“I don’t see how multiple votes on a debt-ceiling increase can help get us to where we want to go. We want big reforms. We want big spending cuts and big changes to how this town works. ... If we can’t make the tough decisions now, why would we be making those tough decisions later?”
How can we control costs for healthcare associated expenses on a federal level?
The
Ninth Annual Medicare Congress will supply to with the tools to decrease expenses while maintaining quality care for high cost populations including dual eligibles and members in their last six months.
