Healthcare spending accounts for nearly 18.9% of the U.S. GDP, placing immense strain on the national budget. Federal programs like Medicare and Medicaid consume a substantial portion of government spending, contributing to the national debt.
Reforming healthcare financing by implementing cost controls, eliminating unnecessary administrative expenses, and transitioning to a more efficient funding model could save billions annually. Countries with universal healthcare spend significantly less per capita while achieving better health outcomes.
Without immediate action, the financial burden of healthcare will continue to destabilize the economy, limiting resources for other critical sectors such as education and infrastructure.