Report: Medicare spending growth expected to pick up in 2014

According to a report from government economists, Medicare spending growth declined from 6.2% in 2011 to 4.6% in 2012 despite an increase in enrollment, and may continue to slow down this year. However, growth is expected to accelerate to 6.2% in 2014 and likely will remain high into 2015, according to the study, which was published in Health Affairs. Meanwhile, a Congressional Budget Office report projects national spending on health care will reach 22% of gross domestic product by 2038.

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