Modern Healthcare: The share of state and local government budgets dedicated to healthcare is expected balloon by 2025 as healthcare inflation continues its upward trajectory, according to a new report from Fitch Ratings.
Fitch analysts forecast that ongoing inflation will drive the proportion of budgets dedicated to healthcare and social services to 38.3% in 2025, a bump from 30.7% in 2015. As a result, other priorities like education, transportation and public safety are expected to shrink under the weight of healthcare, social services and other areas less likely to be cut.
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