Spending on Prescription Drugs Has Been Growing Exponentially over the Past Few Decades
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
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The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
Total U.S. health spending (public and private) is projected to rise to nearly one-fifth of the economy by 2025.
https://www.pgpf.org/chart-archive/0056_health-care-costs-proj
Medical spending increases rapidly with age.
https://www.pgpf.org/chart-archive/0020_medical-spending-by-age
Social Security will run a cumulative cash deficit of $2.9 trillion between now and 2035.
https://www.pgpf.org/chart-archive/0030_social-security-deficits-gdp
Interest costs are projected to grow substantially.
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
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program
Prescription drug costs have increased significantly over the past several decades.
https://www.pgpf.org/chart-archive/0319-prescription-drug-costs
Medicare's Hospital Insurance trust fund will be depleted in 2026.
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.