WASHINGTON — Even without a history-making health care remake to deliver “Medicare-for-all,” government at all levels will be paying nearly half the nation’s health care tab in less than 10 years, according to a federal report released Wednesday. Federal, state and local governments will be paying 47 per cent of the nation’s health care costs in 2027, up from 45 per cent currently, the report said. Spelling out the economic consequences of current laws and policies, the report serves as a reality check on the political debate over health care. The report projected that U.S. health care spending will surpass $5.9 trillion in 2027, growing to represent more than 19 per cent of the economy. Trump’s warnings about “socialism” are undercut by the fact that much of the health care system is already paid for by the government.

Source: National Post February 20, 2019 21:00 UTC