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 Peterson Foundation’s 2012 Fiscal Summit–America's Case For Action convenes the nation's leading fiscal policy experts and elected officials at a critical moment of opportunity to make progress on America's long-term fiscal challenges.
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the Congressional Budget Office's Long-Term Fiscal Outlook for 2014.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
CBO Director Phillip Swagel joined Peter G. Peterson Foundation CEO Michael Peterson for a discussion of this new report a day after its release.
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
https://www.pgpf.org/blog/2017/03/four-key-takeaways-from-the-cbo-long-term
The President's Budget for Fiscal Year 2013 projects that the budget deficit will gradually decline under the President's policies from $1,327 billion in 2012 to $704 billion in 2022.
https://www.pgpf.org/analysis/analysis-of-the-president%E2%80%99s-fiscal-year-2013-budget
Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.
https://www.pgpf.org/blog/2018/06/four-key-takeaways-from-the-cbo-2018-long-term-outlook