- Accounting for Sources of Projected Growth in Federal Spending on Medicare and Medicaid, May 29, 2008. “Economic and Budget Issue Brief: “According to projections by the Congressional Budget Office (CBO), federal spending on Medicare and Medicaid will grow from 4 percent of gross domestic product (GDP) in 2007 to 9 percent in 2032 and 19 percent in 2082.”
- Health Care and Behavioral Economics, May 2008, CBO Director Peter Orszag’s presentation to the National Academy of Social Insurance: “Put simply, health care costs are the single most important factor influencing the federal governments budget trajectoryand they already exert a major influence, larger than most of us perhaps realize, on our paychecks. According to the Congressional Budget Offices (CBOs) projections, without any changes in federal law, total spending on health care will rise from being 16 percent of the economy in 2007 to being 25 percent in 2025 and almost 50 percent in 2082, and net federal spending on Medicare and Medicaid will rise from being 4.1 percent of the economy to being almost 20 percent over the same period.”
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