Gov’t actuaries see Obamacare driving up healthcare costs over next decade

Gov’t actuaries see Obamacare driving up healthcare costs over next decade

Health spending grew at a relatively slow rate in 2013, according to a government analysis released on Wednesday, but it is expected to accelerate over the next decade as the economy improves, baby boomers retire, and more Americans gain coverage through President Obama’s healthcare law.

Over the past four years, healthcare spending has grown at a low rate by historical standards. This has led to a fierce debate within the healthcare policy community as to whether the changes are a short-term trend attributable to the weak economy, or part of a longer-term shift in spending patterns. The ultimate answer has major economic and fiscal ramifications, because healthcare is one of the main drivers of the nation’s long-term debt problem.


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