Medicare and Medicaid Spending Trends and the Deficit Debate
by
JOHN HOLAHAN and STACEY MCMORROW
The Gilmer Mirror
Aug 17, 2012 | 461 views | 0
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Historically, U.S. health care spending has grown at rates exceeding the economy's growth rate, often by at least 2 percentage points per year. It has therefore grown as a share of the gross domestic product (GDP), and proposals for reducing spending growth in Medicare and Medicaid have become prominent parts of the debate over the federal deficit. A commonly cited goal of such proposals is to reduce the spending growth rate to roughly the GDP growth rate.
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