“Even without a history-making health care remake to deliver “Medicare-for-all,” government at all levels will be paying nearly half the nation’s health care tab in less than 10 years, according to a federal report released Wednesday.”
“The government growth is driven by traditional Medicare, which is experiencing a surge in enrollment as aging baby boomers shift out of private coverage, according to the analysis from the Centers for Medicare and Medicaid Services, part of the U.S. Department of Health and Human Services…”
“The report projected that U.S. health care spending will surpass $5.9 trillion in 2027, growing to represent more than 19 percent of the economy. Health care spending is expected to increase somewhat more rapidly than overall economic growth from 2018 to 2027, underscoring an ingrained affordability problem for government, employers and U.S. households.”
“Rising prices for health care goods and services are expected to account for nearly half the spending growth, said the report, with the rest driven by…” Read the full article here.
Source: Government headed for close to half of nation’s health tab – By Ricardo Alonso-Zaldivar, February 20, 2019. Washington Times.
