The federal budget deficit was $486 billion in the first 11 months of fiscal year 2008, CBO estimates, $212 billion more than the shortfall recorded over the same period last year. CBO anticipates that the government will realize a surplus in September, stemming from quarterly payments of estimated income taxes. The result will be a deficit in the vicinity of $400 billion for the fiscal year. CBO will release a new estimate of the 2008 deficit and updated baseline projections for fiscal years 2009–2018 on September 9.
The CBO,Congressional Budget Office, analyses and informs that the Health Care Cost, if not addressed in the very near future will be in a CRISIS!
Really? As if it is not already?
The biggest drivers in the CBO:
Medicare
Medicaid
Social Security
Study suggests health care fraud drives up medical costs
Birmingham Business Journal
Friday, September 5, 2008
Just take a look at some of the fraud listed in this blog.
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