The real problem is the soaring costs of health care that lie beneath Medicare. Theyre costs all of us are bearing in the form of soaring premiums, co-payments, and deductibles. Americans spend more on health care per person than any other advanced nation and get less for our money. Yearly public and private healthcare spending is $7,538 per person. Thats almost two and a half times the average of other advanced nations.
Yet the typical American lives 77.9 years less than the average 79.4 years in other advanced nations. And we have the highest rate of infant mortality of all advanced nations.
Medical costs are soaring because our health-care system is totally screwed up. Doctors and hospitals have every incentive to spend on unnecessary tests, drugs, and procedures.
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