Economists for decades have pointed to spiraling health care costs as a major threat to the U.S. economy. Massive government funding of the industry began with the advent of Medicare and Medicaid in the mid 1960s when health care costs comprised five percent of our nation's gross domestic product. It is 18% today. If costs continue to grow at historic rates, health care will comprise 34% of GDP in 2040. This expense places an unsustainable burden not only on government budgets, but on businesses trying to compete in a global market and on individuals. Medical bills are the No. 1 reason for personal bankruptcies in the U.S.
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