Advisory Board May 25, 2023
As the United States nears a potential debt default, experts warn that there could be a “catastrophic impact” on healthcare, including for providers, patients, and public health as a whole.
How will healthcare be impacted by a debt default?
According to U.S. Treasury Secretary Janet Yellen, the United States could run out of cash to pay its bills by June 1, which would result in the country’s first debt default. Currently, both Republican and Democratic lawmakers in Congress are working to reach a deal to raise the $31.4 trillion national debt limit.
Although the full impact of a U.S. debt default is still unknown, many experts say it would likely lead to significant consequences for healthcare.
“If the federal government...