Healthcare Coverage

U.S. Government will pay half of medical costs within a decade

Published in Managed Care Business Week, March 15th, 2005

Within a decade, the government will be footing the bill for nearly half the nation's medical costs, its share propelled higher by the new Medicare drug program, administration economists estimated February 23, 2005.

At the same time, total health spending, both private and government, will take an ever-larger portion of America's economic output, said the report from the Centers for Medicare and Medicaid Services.

The rise in federal payments raises "some really, really big issues" about a government budget in which other programs already are being squeezed out, said Urban Institute tax analyst Eugene Steuerle.

The projections...

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Source: Managed Care Business Week (2005-03-15)

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