Medicaid spending to exceed general economy growth rate
Patient Financial Services Weekly Advisor, October 24, 2008
According to CMS’ annual report released October 17, Medicaid spending is expected to significantly surpass the growth rate of the U.S. economy over the next ten years, HealthImaging reports.
The report, presented at the fall meeting of the National Association of State Budget Officers, predicts that Medicaid benefits spending will rise 7.3% from 2007, reaching $339 billion in 2008, and increasing annually at an average rate of 7.9% over the next decade, to $674 billion in 2017. The expected growth rate of the overall economy is 4.8%.
Click here to read the full HealthImaging report.
The report, presented at the fall meeting of the National Association of State Budget Officers, predicts that Medicaid benefits spending will rise 7.3% from 2007, reaching $339 billion in 2008, and increasing annually at an average rate of 7.9% over the next decade, to $674 billion in 2017. The expected growth rate of the overall economy is 4.8%.
Click here to read the full HealthImaging report.
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