The big story today on health care is a new Congressional Budget Office report about the long-term outlook for health care spending. What do the wise ones over at CBO tell us? That health care costs are skyrocketing (I am actually on hold with the insurance company right now) and costing not just the government, but business too much money. Taken directly from the report:
“The main message of this study is that, without changes in federal law, federal spending on Medicare and Medicaid is on a path that cannot be sustained… the degree to which the system promotes the population’s health remains unclear.”
Sounds like something’s gotta give.
Join or Renew With AARP for Just $16 a Year
- Discounts on travel and everyday savings
- Subscription to AARP The Magazine
- A voice in Washington and in your community
- Free membership for your spouse or partner