Posted by
Defend America on Thursday, February 04, 2010 7:07:15 PM
Public Share of Health Tab to Top 50%
For the first time, government programs next year will account for
more than half of all U.S. health-care spending, federal actuaries
predict, as the weak economy sends more people into Medicaid and slows
growth of private insurance.
The figures show how federal and state spending is taking a bigger role while Congress hesitates over a health-care overhaul.
Government health programs are a growing burden on the federal
budget, which is running annual deficits of more than $1 trillion, and
rising health costs continue to batter private industry.
By 2020, according to the new projections, about one in five dollars
spent in the U.S. will go to health care, a proportion far beyond any
other industrialized nation.
http://online.wsj.com/article/SB20001424052748703575004575043490639289022.html?utm_source=Newsletter&utm_medium=Email