consumed 19.7% of GDP. Healthcare spending in the U.S. is 50% higher than in other wealthy nations. The U.S. must reduce healthcare spending. Rising healthcare spending is a key driver of America‘s unsustainable national debt.
To put the healthcare spending crisis in perspective, one fact stands out. In 1960, healthcare consumed 5% of GDP. Today it consumes almost 20% of GDP. First, spending onshould be frozen at current levels. The data are clear that spending on Medicaid has little to no impact on the physical health and life expectancy of Medicaid recipients. Beneficiaries consume more healthcare, but more consumption does not improve physical outcomes.
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