Economic Challenges Facing Middle Class Families

Testimony

Economic Challenges Facing Middle Class Families

January 31, 2007

Abstract

Current law schedules Congress to spend more on health care than in any other area. The total amount spent in 2006 was about $2.2 trillion ($19,000 per household), of which government provided about $1.3 trillion ($11,000 per household). Unfortunately, we are likely spending more on health care in a way that increases rather than decreases the number of uninsured. As a consequence, the way our health budget is evolving has two major effects. By absorbing most future revenue growth, health policy embedded in current law is deterring Congress from ameliorating all the non-health risks facing middle-class families. Within the health system itself, current policy is likely adding to risks - including the risks of being uninsured - rather than reducing them.

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