Public Health Care Spending To EXCEED Private Insurance Spending In 2011

Public Health Care Spending To EXCEED Private Insurance Spending In 2011

For the first time, government programs next year will account for more than half of all U.S. health-care spending, federal actuaries predict, as the weak economy sends more people into Medicaid and slows growth of private insurance.

The figures show how federal and state spending is taking a bigger role while Congress hesitates over a health-care overhaul.

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