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Medicaid spending is taking over state budgets

from Forbes

Health care in the United States is expensive. Health insurance premiums and out-of-pocket costs continue to rise, driven largely by higher prices at hospitals and other health care providers. The costs of the two big government programs — Medicaid for lower-income people and Medicare for the elderly — also continue to rise. Recent research from Pew Charitable Trusts finds that since 2000, states are devoting more of their revenue to Medicaid. If costs don’t come down, states are at risk of having Medicaid spending overrun the rest of their budgets. more

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