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Medicaid provides health insurance to low-income Americans. Children make up nearly half of the program’s enrollment, but most spending is directed towards the elderly and disabled.
Medicaid finances about one-third of all home health and nursing home care spending in the United States.
Medicare covers more than 40 percent of the nation's home health care bills and more than 20 percent of most other health services.
Hospital expenses are the largest category of Medicare spending, but their share has fallen over time.
On average, Medicare benefits far exceed taxes over an individual’s lifetime.
Federal taxes and transfers can help reduce disparities in income.
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
Eight popular tax provisions accounted for a large majority of annual tax expenditures.
High income individuals receive a greater portion of their income from capital gains