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Medicare cost seen nearly doubling in 10 years; Medicaid expected to grow even faster
Modern Healthcare

The cost of Medicare is expected to nearly double over the coming decade, while Medicaid will increase at an even faster rate, according to projections issued by the nonpartisan Congressional Budget Office.

Medicare’s spending is expected to increase to $1,058 billion in fiscal 2022 from $565.3 billion in fiscal 2011. The program’s annual spending increases—7.6% in fiscal 2011—are expected to slow to 1.3% in fiscal 2012 before accelerating to 10.7% in fiscal 2022.