Medicaid - $16 Trillion
The Centers for Medicare and Medicaid Services
project that Medicaid will grow
at around 8% per year from 2007-2017. It currently
makes up 15% of the nation`s health care costs.
The GAO projects that it will consume around
5% of the GDP by 2080, up from around 2% in 2006.
At that rate, the program will requires roughly $16 trillion
above its current costs over the next 40 years.
In 2006, Medicaid expenditures were over $300 billion.
This was approximately 20% of the Federal budget.
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