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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.
The cost and quality of the U.S. healthcare system is one of the most prominent issues facing everyday Americans. It is a top policy concern for voters, a key indicator of economic efficiency, and a significant driver of the national debt.
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
Although the United States spends more on healthcare than other developed countries, its health outcomes are generally no better.
United States per capita healthcare spending is nearly three times the average of other developed countries.
The Social Security Board of Trustees has been warning for years that the program faces funding shortfalls. In April, they released their annual report on the trust funds that finance the program.