Health care agency passes $1 trillion milestone

by Ricardo Alonso-Zaldivar

The government's biggest health care agency is passing the $1 trillion mark in President Barack Obama's new budget, a milestone for the Department of Health and Human Services.

Its 2015 budget calls for spending just over $1 trillion, and budget officials say that's a first.

HHS runs Medicare, Medicaid and the insurance expansion in Obama's , which together provide coverage for about 1 in 3 Americans.

The department's new trillion-dollar budget doesn't count another $60 billion for tax credits to finance private coverage under the health care law, an amount included in the Treasury spending plan.

An aging population that's expanding the Medicare rolls and Obama's push to cover uninsured workers and their families are helping to drive the long-term trend of greater government spending on .

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Liberal group outlines $385B in Medicare cuts

Nov 14, 2012

(AP)—A think tank allied with the White House is releasing a plan for Medicare cuts—hoping to stave off even bigger health care reductions in upcoming budget talks with Congress.

Recommended for you

Health care organizations see value of telemedicine

18 hours ago

(HealthDay)—Health care organizations are developing and implementing telemedicine programs, although many have yet to receive reimbursement, according to a report published by Foley & Lardner.

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.