Federal entitlement programs are projected to more than double as a percentage of GDP under current policies
June 01, 2012
SOURCE: Data from the Congressional Budget Office, The 2012 Long-Term Budget Outlook, June 2012. Compiled by PGPF.NOTE: CHIP is the Children's Health Insurance Program and helps pay for health insurance for low-income families with children.
Federal entitlement programs (Medicare, Medicaid, Children's Health, and Social Security) are projected to more than double as a percentage of GDP under current policies. By 2080, spending on those programs will make up one-quarter of our entire economy — well above its current share of GDP. Those costs are driven by soaring health care costs, the retirement of the baby boomers, and increasing longevity.
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