By David H. WeigelThe Associated PressWASHINGTON (AP) — The U.S. government said Friday it is stepping up its investments in PFs, or pension funds, as the nation braces for the next round of pension and retiree health-care costs that have been rising since the Great Recession.
The U.K. government has also said it will invest $500 million in the PFSs, which are funded by government-subsidized pensions.
But U. S. and other countries are investing much more, the government said.
Investments in the U.P.S., the largest PFS, have soared from $1.4 trillion in 2009 to more than $2 trillion last year.
The government’s investment in PIs is a small fraction of the $6 trillion that the government spends on health care, the third largest source of federal outlays after Social Security and Medicare.
The investment in the health care sector has been a boon to the economy and is a key factor in why the U,S.
and European Union are pushing through major reforms that will result in billions in new tax revenue and lower government costs.
The PFS sector has grown by nearly $400 billion since 2009 and has a combined $1 trillion of assets under management, according to the National Association of Investment Counselors.
The PFS fund is responsible for more than 80% of the total assets under manager, according an analysis by the National Institute for Financial Services.
The health-insurance industry is the largest employer in the country.
Health insurers make about $15 billion a year in revenue, with a larger share in health care spending than in any other sector, the U and other sources have said.
The investments are expected to be a boost to the PFI sector, which is already seeing big growth in recent years.
In the first quarter, the PFs invested more than 5.4% of its assets, the most in the industry, according a Reuters analysis.
In April, U.s.
Secretary of Health and Human Services Kathleen Sebelius announced a plan to make investments in the sector to reduce costs and increase coverage.
That would include investments in public companies such as hospitals and pharmaceutical companies, but also companies that are not publicly traded.PFS investments in health-related assets are expected increase to more that $1 billion a day by 2025.
The government’s plan includes a target of $300 billion by 2025, which would be about three times the $10 billion that the US. invested in health in 2009.
The Obama administration is trying to address the problems with the health-policy system and is trying a series of initiatives, including allowing people to buy health insurance through the marketplaces and increasing the age of health coverage.
The plan would also provide financial incentives to companies that meet the goals, according.