William Galston: The Secret to Taming Health-Care Costs – WSJ

Holding the rate of increase in health-care costs to the growth rate of the economy would be an exceptional achievement. Even if that happened, federal health-care outlays as a share of GDP would rise by 37% over the next two decades. And this, says CAP, would eventually force either much higher taxes or steep reductions in discretionary spending, including vital public investments in infrastructure and basic research. The more likely projection—health-care costs rising between 1.15% and 1.65% a year faster than economic growth—makes the problem even more threatening.

via William Galston: The Secret to Taming Health-Care Costs – WSJ.

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