Spending on health care has outpaced economic growth for years. In 1960, national health care expenditures made up 4.7 percent of our gross domestic product (GDP). In 2013, that percentage had risen to 17.4, and the Congressional Budget Office (CBO) anticipates that will only continue to rise.
The passage of the Patient Protection and Affordable Care Act (PPACA) was an unprecedented expansion of government that put tens of millions of Americans at risk of losing their current health insurance coverage and drives up the cost of insurance and care. In June 2012, the Supreme Court upheld PPACA’s constitutionality, and we must accept the reality that it
Congress must continue to focus on repealing and amending the most troublesome aspects of the law and pass real reforms – such as tort reforms and health insurance portability – that will bend health care’s exploding cost curve.