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Posts from October 2011

The National Budget Problem

If one believes that the United States’ budget deficit is too large or if one is concerned with the rise in the size of the outstanding U.S. public debt — and if one is unwilling or unable to significantly increase revenues — then one has to control or reduce the rise in health care spending that has driven the expenditure side of the budget over the past decades. In short: to the extent that the United States budget has a spending problem, it has a health care spending problem.

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