Bend the Healthcare Cost Curve: Exploring Reforms to Address Rising Federal Spending

The rising national debt, now nearing $35 trillion, has become a focal point of economic concern for the public and the new administration. And, as you’re probably aware, healthcare costs are a significant contributor to the national debt, with the government currently spending over $1.8 trillion annually on healthcare programs like Medicare, Medicaid, and the Affordable Care Act (ACA). According to projections from the Congressional Budget Office, this figure could reach an unsustainable $3.2 trillion by 2034.