How Much Does the United States Spend on Prescription Drugs Compared to Other Countries?
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
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The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
The United States spent $766 billion on national defense during fiscal year (FY) 2022 according to the Office of Management and Budget, which amounted to 12 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
https://www.pgpf.org/budget-basics/budget-explainer-payroll-taxes
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2023/03/social-security-and-medicare-are-facing-serious-shortfalls
Americans must task their newly elected officials with tackling the nation's debt — and hold them accountable for results.
https://www.pgpf.org/analysis/for-a-stronger-economy-deal-with-the-debt
With a changing demography as the backdrop, the US 2050 project examines the economic forces and trends that will determine American living standards three decades from now.
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
This report by the Center for Strategic and International Studies examines pension reform efforts in developed countries across the globe.
https://www.pgpf.org/what-we-are-doing/grants/csis-lessons-from-abroad-for-the-us-entitlement-debate