tci Medicare Compliance & Reimbursement - 2007 Issue 9

MEDICARE: Health Care Costs Will Double In 10 Years, CMS Analysts Predict

Federal spending will rise; personal spending may fall.The Centers for Medicare & Medicaid Services' (CMS) Office of the Actuary has released a report detailing "National Health Expenditure Projections 2006-2016," and it contains news that may encourage privatized health-care purchasers and frustrate taxpayers. In the next 10 years the United States will double its spending on health care, according to CMS actuaries. Spending for 2006 should total $2.1 trillion, but that number stands to rise to $4.1 trillion in 2016. That level of growth would consume almost 20 cents of every federal dollar spent, report...

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