Government’s Tab For ‘Big’ Health Care Programs Keeps GrowingUSA Today: Medicare, Medicaid Tab Keeps Growing
The costs of the government's big health care programs are soaring again, expenses not tackled in the agreement President Obama signed into law Tuesday to raise the nation's debt limit and cut federal spending. Medicare and Medicaid spending rose 10 percent in the second quarter from a year earlier to a combined annual rate of almost $992 billion, according to new data from the Bureau of Economic Analysis (BEA). The two programs are on track to rise $90 billion in 2011 and crack the $1 trillion milestone for the first time (Cauchon, 8/3). This is part of the KHN Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.