X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Each year, Medicare spends about a quarter of its budget on the treatment of terminally ill patients. Last year, Medicare consumed some $528 billion in total or 13.3 percent of the federal budget, which is why the program figures so prominently in federal budget negotiations. If changes to the program aren’t made, that figure is projected to increase 7 percent per year for 10 years as baby boomers pour into the system, according to the Centers for Medicare & Medicaid Services.

Dig Deeper

ThinkAdvisor

Join ThinkAdvisor

Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!

  • Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
  • Exclusive discounts on ALM and ThinkAdvisor events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join ThinkAdvisor

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.