The Economic Case for Health Care Reform

This report by the Executive Office of the President's Council of Economic Advisors (CEA) analyzes the economic effects of health care reform, including the effects of reductions in spending growth and expanded coverage.  In addition, the report forecasts the economic impact of our current health care system in the absence of reform.  The CEA found that slowing the annual health care spending growth rate by 1.5 percent would increase the gross domestic product (GDP) by over 2 percent in 2020 and nearly 8 percent in 2030, prevent increases in the federal deficit, and create 500,000 jobs.  The report also found that expanding coverage to the uninsured would increase net economic wellbeing by roughly $100 billion annually.  

Download the full report from the White House here: http://www.whitehouse.gov/assets/documents/CEA_Health_Care_Report.pdf