Fierce Health Finance
March 14th, 2012
Alicia Caramenico
The Congressional Budget Office has issued a revised report projecting Medicare and Medicaid spending will grow significantly over the next decade.
The CBO has updated its January forecast that Medicare spending will drop $69 billion by 2020 in light of recently enacted legislation and an analysis of President Barack Obama’s budget. According to March projections, Medicare spending will jump to $1.058 trillion in 2022, almost double the $565.3 billion spent in 2011…