In 2009, the US spent $2.5 trillion on healthcare. That number is growing faster than the economy. With a growing population and growing needs, our annual spending on healthcare will only increase.
Factor that with increasing deficits and the need to fund other programs and the magnitude of a national healthcare policy comes to light.
I am not stating that Obamacare is right, nor that the American Health Care Act (AHCA) is right.
However, the Congressional Budget Office released today projected that 24 million more Americans will be left uninsured 2026 by the AHCA than under Obamacare. That also includes 5 million people left uncovered by Medicaid by next year.
Regardless of the policy adopted, our national healthcare policy can always see improvement, not only for the sake of our fellow Americans, but also for the health of our economy.
Federal spending that could go toward our military, technology, education, infrastructure, or reinvestment for entrepreneurship currently goes to healthcare.
No matter what happens, I encourage everyone to closely watch the movement and development our federal healthcare policy as it has long-standing impacts on millions of lives and on our economy.