Wednesday, March 16, 2005

Medicaid Spending

The Society of Actuaries Health Section has begun a new project to look at projections of health care expenditures, and particularly their impact on different payers. As we think about this, consider the following fact from the Heritage Foundation:(http://www.heritage.org/Research/Budget/bg1833.cfm) "Since 1999, federal Medicaid spending has leaped from $108 billion to $186 billion—an aver­age annual growth of 9.5%" and consider the potential budgetary consequences.

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