Long-Term Medicare Spending Projections
Medicare spending is projected to rise rapidly.
https://www.pgpf.org/chart-archive/0276_medicare_spending_long-term
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Medicare spending is projected to rise rapidly.
https://www.pgpf.org/chart-archive/0276_medicare_spending_long-term
The growing debt is caused by a structural mismatch between spending and revenues.
SNAP spending sharply increased in response to the COVID-19 pandemic, but is projected to decline below historical levels over the next decade.
Mandatory programs and interest costs will take over more of the federal budget, squeezing discretionary programs.
https://www.pgpf.org/chart-archive/0156_mandatory_discretionary_pies
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
https://www.pgpf.org/chart-archive/0252_health_outcomes_spending
The United States spends more on defense than the next 9 countries combined.
The U.S. spent $187 billion on interest payments alone in 2009.
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
U.S. health care spending is highly focused on the costliest patients.
https://www.pgpf.org/chart-archive/0209_healthcare_spending_focused
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt