“Starting next year, annual Medicare spending is expected to grow by an average of 7% over the next decade, exceeding $1.2 trillion by 2028.”
“That’s according to the Congressional Budget Office, which released an updated report on federal expenditures over the next 10 years. Healthcare costs overall are projected to grow faster than the economy, and spending per enrollee in federal health programs is expected to grow more rapidly in the coming years…” Read the full article here.
Source: CBO: Medicare spending expected to reach $1.2T in the next decade – By Evan Sweeney, April 17, 2018. FierceHealthcare.
