The Centers for Medicare and Medicaid Services, which
runs the federal government’s major health-care programs as well as the
Obamacare insurance exchange, spent $1,113,178,000,000 in fiscal 2013,
according to the Monthly Treasury Statement for September, which was released
last week. That sets a record for the most money ever spent by a federal agency or
department in a single year. It also means CMS spent more in inflation-adjusted
dollars than the entire federal government spent in 1965, when President Lyndon
Johnson signed the legislation creating the Medicaid and Medicare programs. In
1965, the entire federal government spent $118,228,000,000 in 1965 dollars,
according to the Office of Management and Budget. That converts to
$878,824,380,000 in 2013 dollars, according to the Bureau of Labor Statistics
inflation calculator....To Read More....
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