June 24, 2008
If the United States does not act soon to address health-care costs, federal and state governments as well as American businesses could face a cascading fiscal crisis with devastating long-term consequences, says a new report by the Government Accountability Office.
In the report entitled, “Long Term Federal Fiscal Challenge Driven Primarily by Health Care,” the GAO, the investigative arm of Congress, said an immediate “multi-pronged solution” must be pursued before the “window of opportunity” to address the issue closes.
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