And what of the rest of us? We’ve blindly pumped trillions of dollars into an industry with an assumption that they’d continue to turn that money into medical miracles. It’s plainly obvious that industry decided nearly two decades ago they’d rather keep most of that money than continue to revolutionize health care. Since the pharmaceutical companies haven’t done much to keep their end of this bargain, isn’t it time we stopped giving into their demands? Every other Country in the World figured them out years ago. When will we be ready to open our eyes and start doing the same?
Spending on Medicare, Medicaid, and the Children's Health Insurance Program, all government programs that provide a right to health care for certain segments of the population, totaled less than 10% of the federal budget in 1985, but by 2012 these programs took up 21% of the federal budget. [ 78 ] According to US House Budget Committee Chairman Paul Ryan (R-WI), government health care programs are "driving the explosive growth in our spending and our debt." [ 77 ] Studies have concluded that the expansion of insurance coverage under Obamacare will increase the federal deficit by $340-$700 billion in the first 10 years, [ 79 ] [ 80 ] and could increase the deficit to $ trillion in the second 10 years. [ 81 ] Even with these expenditures, the Congressional Budget Office (CBO) estimates Obamacare will leave 30 million people without health insurance. [ 82 ] If everyone in the US were covered under a universal right to health care, the increase in the federal deficit could be even larger than under Obamacare.