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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 22, 2006
Page
11
The Pentagon seeks higher contributions from retirees under 65 or force reliance on their employers plans to curb DoD health care spending. Costs have risen from $19 million to $38 million over five years as active duty family members face changes.
The Bush administration seeks higher health care costs for many military retirees, including increased prescription drug co payments and enrollment fees. The plan aims to curb Pentagon costs projected to rise to 64 billion dollars by 2015, with lawmakers split on its merits.
Government analysts project health care spending to reach over 4 trillion by 2015 with the aging population driving costs. Hospital bills rise faster, Medicare and Medicaid expenditures surge, and home health care remains the fastest growing sector as the government finances about half of all costs.
Local ad highlights discounts on Persian oriental rugs at Iran Rug Co. Offering savings of thousands, the notice emphasizes quality and selection for shoppers seeking traditional designs and authentic brands.
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