Sometimes I Feel Like a Piece of Bologna

Health Care Costs Expected to Increase

A study conducted by the U.S. Medicare and Medicaid centers suggests that U.S. health care costs may almost double over the next 10 years to $4.1 trillion annually, or 20 cents of every dollar spent, according to a study by federal economists and actuaries.

The estimate is based on a 6.9 percent average annual growth rate in health care spending. The study also predicts that increased government involvement will increase costs, and suggests that we aren’t necessarily getting better health care for the increased costs.

And yet, there’s a push for increased government involvement through universal health insurance. Why?

Labels: health care costs, Medicaid, Medicare