Accuracy in Media

Philip Klein of the Washington Examiner is always a good read:

In 2014, according to new data from the Centers for Medicare and Medicaid Services published in the journal Health Affairs, “[h]ealth care spending sponsored by the federal government is projected to have risen by 10.1 percent.” This was the year that Obamacare added millions of beneficiaries to Medicaid and forked over billions in subsidies for individuals to purchase insurance on government-run exchanges.

Looking at the broader trend is more revealing. In 2007, when Obama launched his presidential campaign and outlined a plan to overhaul the nation’s healthcare system, private spending accounted for 60 percent of total U.S. health expenditures, compared with 40 percent coming from government-sponsored spending. By 2024, after a decade of Obamacare’s coverage expansion, the government share is projected to reach 47 percent, while the private share is expected to shrink to 53 percent. In that year, CMS predicts government at all levels will spend over $2.5 trillion.





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