Medicare entitlement replaces private sector spending with increased taxpayer spending
Medicare Entitlement Crowd Out: We Told You So - Public expenditures on prescription drugs rose by $1900 per senior per year, while private expenditures fell by $1500, so the spending crowd-out was also on … Heritage.org (blog)
Any time Congress creates a health care entitlement, it “crowds out” (i.e., displaces) private coverage, replacing private sector spending with increased taxpayer spending.
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