Monday, April 23, 2012

Our primary debt problem? Healthcare costs.

This analysis of the 2012 budget by the Bipartisan Policy Center does a good job at dealing with some of the major issues facing our economy. One of its most important points is that in the long run, the main threat to our budget is going to be the skyrocketing cost of healthcare. If we can get that under control, we should be in good shape. If we can't, we'll have a crisis on our hands.

This isn't surprising, considering that the US spends much more money on healthcare than other advanced countries:

Our higher spending doesn't seem to give us better healthcare. Perhaps we could learn from these other countries and get our budget back on track.

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