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This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.

Wednesday, February 26, 2014

Coburn: Medicaid has increased in cost by more than 31,212 percent in 46 years -- By Caroline May, The Daily Caller

Oklahoma Sen. Tom Coburn listens to questions during the Reuters Washington Summit in the Reuters newsroom in Washington, Nov. 9, 2011. (REUTERS/Jonathan Ernst)Oklahoma Republican Sen. Tom Coburn is shining a light on the increase in health-care costs over the years in a new report obtained by The Daily Caller Tuesday.

According to Coburn, regardless of whether Obamacare delivers on the president’s promises, history can teach two things: “First, the federal government’s spending on health-care programs usually outpaces economic growth… Second, compared with initial government estimates and outlays, most programs have experienced exponential growth in real terms when compared to initial estimates.”

Using government data, in his report Coburn compares the initial spending and participation of each federal health-care program to its recent outlays in inflation adjusted terms.

Coburn, a medical doctor by trade, begins with Medicaid, highlighting that when the program was at its inception in 1966, it cost $800 million and had an enrollment of 4 million people. In 2012, Medicaid spent $250.5 billion on 55.6 million people — a cost increase of 31,212.5 percent and enrollment increase of 1,290 percent over 46 years.

Likewise, according to Coburn’s report, the various aspects of Medicare have skyrocketed in cost and enrollments. In 1967, the program spent $2.8 billion; in 2012, it spent $471.8 billion — a 16,750 percent increase in cost in 45 years. From 1966 to 2010, the enrollees in Medicare Part A, B and C increased by 149.2 percent, 148.9 percent and 807.9 percent, respectively; and from 1974 to 2008, the number of End Stage Renal Disease enrollees increased by 4,022 percent.

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