Source Pravda.Ru

Modernisation of U.S. Health-Care System Goes Slowly

For the first ever time, Government programs for the coming year will account for over 50% of the entire US healthcare spending, as has been predicted by federal actuaries, mainly on the back of a weak economy pushing more and more people into Medicaid, all the while slowing the growth of private insurance.

The high figures have managed to reveal how federal and state spending is now taking on a bigger role, while the Congress hesitates over a revamp of the country's health-care system.

Government run healthcare programs seem to have become a growing burden on the federal budget, which is already running yearly deficits of over $1 Trillion, and the surging health costs are continually battering the private sector industries.

According to new predictions shared, by the time 2020 rolls in, nearly 1 in 5 Dollars spent in America would go towards health care.

"It's going to be a desperate issue five to 10 years out", said Gail Wilensky, the ex-top Medicare official in the Bush administration, while stressing that U. S. will have to decide soon between raising revenue to pay for Medicare or reducing benefits.

TopNews United States has contributed to the report.

Comments
Putin: Russian servicemen return home from Syria as victors
Mikhail Saakashvili's bumpy ride in politics: From chewing his tie to climbing on rooftop
Human Rights Day: Let us hang our heads in shame
Russian general says allegations of his involvement in MH17 crash are stupid
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Human Rights Day: Let us hang our heads in shame
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Atmosphere above Russia contaminated with radioactive substance
IOC bars Russian athletes, excludes Russian national anthem and flag from Winter Olympics 2018
IOC bars Russian athletes, excludes Russian national anthem and flag from Winter Olympics 2018
Americans force Russia to create weapons even more powerful than S-500
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Atmosphere above Russia contaminated with radioactive substance
Russian general says allegations of his involvement in MH17 crash are stupid
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Russia unveils the date for the launch of the superbridge to Crimea