This was published yesterday with a different headline and slightly different text. Today I also changed the phrase “local and state” to “state and federal.”
Last week the Federal Centers for Medicare and Medicaid Services (CMS) reported that health care spending was 17 percent of the U.S. economy last year. By 2012, according to the report, state and federal governments will pick up more than half the tab. The recession has increased the number of people who qualify for state-funded Medicaid. As baby boomers retire, the Medicare rolls will swell.
Most people agree that health care reform is not an option. This video includes interviews with business leaders who support as well as those who oppose the current health care bills. Please watch, listen, and contact your legislators to share your opinion.
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[...] decline. Related costs will continue to stifle job growth and eventually bankrupt our country. See this previous post for [...]