Medicaid Spending Projections
If you are like a sizable portion of the population, sometime in the next 20 years you will be affected by the increases in Medicaid spending. Spending for long-term care for elderly and disabled people under the Medicaid health insurance program for the poor will total $3.7 trillion in the next two decades, according to the report by America’s Health Insurance Plans, an industry group. That includes $1.6 trillion projected to be spent by individual U.S. states and $2.1 trillion in federal money, according to the report. Long-term care includes nursing homes and in-home care for people unable to live independently.