Medicare Spending Still on Rapid Trajectory

Growing demand for care, record levels of insured patients and swelling Medicare enrollment will drive up annual health care spending to $7.7 trillion by 2032, up from $4.8 trillion last year, according to new projections from federal actuaries.

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Why it matters: Health care spending is projected to grow 5.6% per year over the course of a decade, outpacing expected annual inflation of 4.3%.

  • That will help grow health spending to nearly 20% of gross domestic product by 2032, up from 17.3% in 2022, according to the actuaries' long-term outlook.

Ed Morrissey

The unfunded liabilities of Medicare, along with Social Security and the debt interest, will eventually create an acute debt crisis that will destabilize the country. It is inexorable and unavoidable. The so called fixes in multiple administrations are nothing more than tweaks along the way to the inevitable crash. Either we undergo a massive overhaul of entitlement programs or they will simply collapse at some point, just like all Ponzi schemes do. 

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