Think tank: Long-run deficit 'entirely due' to healthcare costs

ADVERTISEMENT
"The country faces a healthcare cost crisis," the think tank said in announcing the calculator. "If it addresses this crisis, it does not have a deficit problem. If it doesn't address the healthcare cost crisis, there is no plausible way to address the problem of the deficit."

Free-market advocates, however, caution that price controls would devastate the nation's world-beating pharmaceutical and medical device industries.