CBO: Medicare and Medicaid spending growth unsustainable
November 26th, 2007 Posted by: Dr. Cox
Washington — Medicare and Medicaid spending would — if unaddressed — continue to grow faster than the economy over the next 75 years, but don’t blame it all on the baby boomers. Instead, look at the way physicians and hospitals are paid and how technology and new treatments drive costs, according to a first-ever Congressional Budget Office analysis of long-term health spending.
“The main message of this study is that, without changes in federal law, federal spending on Medicare and Medicaid is on a path that cannot be sustained,” stated the report, released Nov. 13.