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will not only worsen our long-term financial outlook, but also negatively impact american families who enjoy the private coverage of their choice. to put this in perspective, as of this year, medicare has a liability of almost $39 trillion that s trillion dollars. which in turn translates to a financial burden of more than $300,000 per american family. in our current fiscal environment where the government will have to borrow nearly 50 cents of every dollar it spends this year, exploding our deficit by almost $1.8 trillion, let s think hard about what we are doing to our country and our future generations. the impact of a new government-run program on families who currently have private insurance of their choice is also alarming. a recent study estimated that cost shifting from government taxpayers specifically medicare and medicaid already costs families with private insurance nearly $1,800 more each year. creating another government-run government plan will further increase