Medicaid Spending Will Join Medicare in Out Running the Economy in Years Ahead

Long-term care for low-income senior citizens will help drive cost to $4.9 trillion in 10 years.

Oct. 19, 2008 - Under current law, spending on Medicaid is expected to substantially outpace the rate of growth in the U.S. economy over the next decade, according to a new annual report released Friday by the Centers for Medicare & Medicaid Services (CMS). This is the first time the government has spotlighted Medicaid spending as it does annually with Medicare and Social Security all three critical programs to millions of senior citizens. For a copy of the full CMS report, please email [email protected] or visit the CMS website.

Serena Brock