An Inconvenient Financial Truth – Healthcare Costs Endanger U.S. Financial Stability

The federal government has made financial promises over the next 75 years at an estimated value of $50 trillion dollars. According to the Government Accountability Office (GAO), medicare obligations alone represent almost $39 trillion of that amount and have increased 197% since 2000 [1].

You read that right — future Social Security benefits and future Medicare benefits increased 197% from 2000 to 2006.

And — here’s the clincher — in the absence of extensive reform to both the Medicare program and the nation’s healthcare system, the government won’t have the money to meet those financial promises.