Medicaid long-term healthcare costs to soar

Reuters, October 1, 2008

Fueled by the needs of a growing elderly population, U.S. spending on long-term healthcare under the Medicaid program will soar in the next 20 years, according to a report by America's Health Insurance Plans. 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.