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Deficit can't be eliminated without lowering health costs: reportNews added by Lauren McNitt on April 6, 2012
Lauren McNitt

Lauren McNitt

Denver, CO

Joined: September 08, 2010

The United States could eliminate the nation’s deficit if health care costs per person were the same as other industrialized nations, according to a new report from the Center for Economic and Policy Research.

The center developed a health care budget deficit calculator that shows how long it would take the nation to eliminate the deficit if we swapped health care costs with another country. For example, by switching U.S. health care prices out with Australian health care prices, the deficit would disappear by 2040.

“The country faces a health care cost crisis. If it addresses this crisis, it does not have a deficit problem. If it doesn’t address the health care cost crisis, there is no plausible way to address the problem of the deficit,” CEPR said in a statement.
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