The government contract juggernaut

US health care spending (public and private) is projected to reach 1/5th of the economy by 2033. Health care costs accounted for 17.6% of GDP in 2023. Government-sponsored insurance accounted for 47% of health spending. Medicare and Medicaid ate up $874billion (38.7%) and $618billion (27.3%) of the federal budget in 2024. And  there’s $770billion on other health care…