News Headlines Article

Rising Federal Health Care Costs Could Widen the Generation Gap
The Fiscal Times

A new Obama administration report out this week showing that federal government spending on Medicare, Medicaid and Obamacare surged in 2014 by 11.7 percent after years of relative stability is rekindling a controversy over generational disparities in the government’s spending priorities.

While a considerable chunk of the $844 billion of federal health care spending last year went for children and younger adults, Medicare spending for seniors hit a total of $618.7 billion in 2014 and accounted for 20 percent of total health expenditures.