Cost of Healthcare is Skyrocketing in the USA: A Broken Medicare Must be Reformed

Abstract

This short report discusses the current cost of the healthcare system in the United States. The affordability problems in the United States stem directly from insufficient competition of drug prices from the Medicare system. This report provided evidence about how the proposed Medicare reforms are skewed and would unlikely end the blank-check approach to pricing of Medicare that drives our healthcare spending and affordability problems.

Keywords

• health insurance
• inflation
• affordability