Wednesday, January 27, 2010

Fixing health care fixes our budget

The Center for Economic Policy Research has an interactive calculator that lets you see what projected U.S. budget deficits would be if we had the same per-person health care costs as other countries.

(The U.S. spends twice what other major nations do, per person, on medical costs, according to the OECD.)

The left-leaning CEPR's chart shows that if we spent what other nations do, our budget problems go away.