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CBO Testimony: The Overuse, Underuse, and Misuse of Health Care (PDF)
U.S. Congressional Budget Office [CBO]
July 18, 2008
14 pages. Excerpt: The most important factor influencing the federal government's long-term fiscal balance is the rate of growth in health care costs. CBO projects that, without any changes in federal law, total spending on health care will rise from 16 percent of gross domestic product (GDP) in 2007 to 25 percent in 2025 and 49 percent in 2082; net federal spending on Medicare and Medicaid will rise from 4 percent of GDP to almost 20 percent over the same period.
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