CMS: Medicaid Spending Projected to Rise Much Faster Than the Economy

Under current law, spending on Medicaid is expected to substantially outpace the rate of growth in the U.S. economy over the next decade, according to a new annual report released today by the Centers for Medicare & Medicaid Services (CMS). The report projects that Medicaid benefits spending will increase 7.3% from 2007 to 2008, reaching…