Federal Government's Health Care Spending Continues Rapid Increase, Shifting Costs to Taxpayers
The Centers for Medicare and Medicaid Services today released an annual report on national health expenditures that revealed health care spending increased by 3.9 percent in 2010, continuing the upward trend in health care costs. But the news that shouldn't be overlooked in the report is the federal government's share of total national health expenditures.
In 2010, the federal government's share increased to 29 percent. This means the American taxpayer will bear the brunt of this rapidly rising health care spending. And there's no relief in sight. In fact, in 2014 as the health care law's Medicaid expansion and cost sharing subsidies take effect, taxpayer funding of health care is expected to rise even further.
Proponents of the health care law promised the reforms would decrease costs, but the law fails to actually address the rising cost of health care.-- The law ignores the problem, and instead places additional expensive mandates on states, individuals, and businesses. Health care costs are going nowhere but up, and it's taxpayers who are footing more and more of the bill.--