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Healthcare costs in the U.S. have increased drastically over the past several decades.
Total U.S. health spending (public and private) is projected to rise to nearly one-fifth of the economy by 2025.
Consumer out-of-pocket spending is declining as a share of national health spending.
Medicare and Medicaid finance more than half of total nursing home care costs.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.
Medicare's Hospital Insurance trust fund will be depleted in 2026.
Medicare spending is projected to rise rapidly.