Report: Rising Health Care Costs Causing Serious Economic Woes
by Jason Leopold / June 24th, 2008

Skyrocketing health care costs are taking a toll on the nation’s long-term economic well being, requiring an immediate “multipronged solution” before the “window of opportunity” to address the issue closes, according to a new report by the Government Accountability Office, the investigative arm of Congress.

The report, Long Term Federal Fiscal Challenge Driven Primarily by Health Care, was prepared Gene Dodaro, the acting U.S. Comptroller General. He says the federal government is on an “unsustainable long-term fiscal path” driven primarily by rising health care costs.

“Rapidly rising health care costs are not simply a federal budget problem,” the GAO report says. “Growth …

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