CBO: Federal health care spending will double by 2022

02/1/2012 | Reuters · Hill, The

An aging population and increased treatment costs will drive up federal spending on health care by at least 8% annually over the coming decade, the Congressional Budget Office predicts. Other factors contributing to the increase include federal subsidies to help low-income citizens buy insurance and a halt to a planned 27% reduction in Medicare reimbursement rates to doctors, the CBO said.

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Reuters · Hill, The

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