According to CMS:
Growth in national health expenditures (NHE) in the United States is projected to be 6.1 percent in 2008. National health spending is expected to increase from $2.2 trillion in 2007 to $2.4 trillion in 2008. Average annual NHE growth is expected to be 6.2 percent per year for 2008 through 2018.
Over the full projection period (2008-2018), average annual health spending growth is anticipated outpace average annual growth in the overall economy (4.1 percent) by 2.1 percentage points per year. By 2018, national health spending is expected to reach $4.4 trillion and comprise just over one-fifth (20.3 percent) of Gross Domestic Product (GDP).
Therefore, the US will spend $34.1 trillion on healthcare in the next 10 years. At a cost of $894 billion with a reduction in the federal deficit by $104 billion and $9 billion alone in 2009??? This sham/corporatocracy isn’t providing real solutions. Our leaders have been bought by profiteers who spend $1.4 million a day to purchase them. And we’re all going to pay for it in the end with our inability to compete in the global economy. Sad…
Now, Sen. Joe Lieberman, what exactly is your problem again? Cost? Your argument is invalid.
This is so incredibly wrong and inaccurate. Stop spreading false propaganda. Look at the newly updated information rather then the OLD inaccurate facts. Also, the “new” updated version of the Healthcare Reform bill came out today. Don’t worry, it’s only 1,990 pages long.
Actually you’re right. It’s a cost of $894 billion over 10 years with a net reduction of the federal deficit of $104 billion over the 2010-2019 period, $9 billion alone coming in 2019.
The person I originally heard this from must have confused the $104 billion in savings for the expanded coverage of over 30 million currently uninsured Americans.