Friday, March 1, 2013

Annual Medicare, Medicaid spending in California tops $100 billion

Sacramento Bee
Government health spending in California now exceeds the size of the entire state general fund budget.The federal and state government spent $46 billion on Medicaid (Medi-Cal), a health care program for the poor, and the federal government spent $59 billion on Medicare, a health care program for the elderly, in 2011, according to recent estimates from the U.S. Bureau of Economic Analysis. That's roughly $2,800 per California resident.Medicare and Medicaid spending in California has doubled in the last 15 years, even after adjusting for inflation.