health.yahoo.com — Spending on the Medicaid health program for the poor is on a path to grow at a much higher rate than the overall U.S. economy in the next 10 years, officials said on Friday. Spending on Medicaid benefits will increase 7.3 percent from 2007 to 2008, reaching $339 billion, and will expand at an annual average of 7.9 percent over the next decade, hitting $674 billion by 2017, the U.S. Department of Health and Human Services said in a report. Over that same time span, the projected rate of growth for the overall economy is 4.8 percent, the report stated.
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