Actually, It Is the Projected Growth of Private Sector Health Care Costs That Is Unsustainable,

[dkf]

Not Medicare

That is what a real newspaper would have told readers when it quoted House Budget Committee Chairman Paul Ryan saying:

"There is nobody saying that Medicare can stay in its current path."

However the Rupert Murdoch owned Wall Street Journal did not provide this information. The Center for Medicare and Medicaid Services projects that health care costs will rise rapidly in coming decades. While health care is overwhelmingly provided by the private sector, the rise in costs is projected to lead to large budget deficits because more than half of health care is paid for through public sector programs like Medicare and Medicaid.

If these projections prove accurate then it will have a devastating impact on the economy regardless of what happens to the public sector health care programs. On the other hand, if per person health care costs were brought in line with costs in other wealthy country, the government would be facing large surpluses, not deficits.

http://www.cepr.net/index.php/blogs/beat-the-press/actually-it-is-the-projected-growth-of-private-sector-health-care-costs-that-is-unsustainable-not-medicare