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Report: By 2012, Government Will Pick Up Half Of Health Care Tab
A new report says that by 2012, federal and state government will pay half the tab for health care in the U.S.
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5 Comments 
WASHINGTON (February 4, 2010)--A new report by Medicare number crunchers says federal and state programs will pay slightly more than half the tab for health care in the United States by 2012.
The recession and aging Baby Boomers are speeding up a shift to a health care sector dominated by government.
Millions of Baby Boomers soon will start signing up for Medicare.
Christopher Truffer of Medicare's Office of the Actuary said the tipping point is likely to come next year.
For technical reasons, the report assumes that Congress is going to allow Medicare to cut doctor fees by 20 percent later this year, as required by a 1990s budget law, but lawmakers have routinely waived such cuts, and they're not likely to allow them in an election year.
So government probably will end up picking up the majority of the nation's medical costs in 2011, instead of 2012.
Latest Comments
The only people that the govt. should take care of are veterans of the armed forces. Everyone else should have take care of themselves.
Hank did your parents mention the golden rule? I put my faith on heavenly father not man. Why is it the governments obligation to take care of you when you get old?
Boy go figure, you work hard all of your life as your parents taught you was the american way and you will be taken care of when you get old. Then comes the lazy bumbs like Linda said and the illegal aliens and there goes your security that you worked so hard for all of your life. Keep it up america and see where it gets you. I am buying more ammo as time goes along getting ready for the revolution. If you are smart you will do the same.
