Absent policy change, the Congressional Budget Office estimates that Medicare spending will grow at an average of 7% each year from 2010 to 2018, rising to $879 billion annually and 4% of GDP. The rate of growth of Medicare spending over the long term is predicted to exceed the rate of growth in federal revenues and the overall economy.
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Thorpe, Kenneth E., Lydia L. Ogden, and Katya Galactionova. "Chronic Conditions Account for Rise in Medicare Spending From 1987 to 2006". Health Affairs. Vol. 29, No. 4, [ Permalink ] |