Rising Health Care Costs are to Blame for Rising Medicare Cost

Armand Biroonak's picture
Submitted by Armand Biroonak
October 13th, 2008
Posted in

The Congressional Budget Office reports the main factor in the rising cost of Medicare is the growth of health care costs—health expenditures as a percent of GDP have more than doubled since 1970, growing from 7.0 percent to 14.8 percent in 2002.

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CBO, CBO
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