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As the United States borrows a significant amount of money to respond to the COVID-19 pandemic, let’s take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
https://www.pgpf.org/blog/2021/01/how-does-the-treasury-issue-debt
The coronavirus pandemic has caused a severe public health crisis as well as substantial economic disruption for every American. So far, lawmakers have enacted five separate pieces of legislation.
Despite improvements to the labor market since the start of the COVID-19 pandemic, the unemployment rate remains high, especially for non-white workers. Get the facts here.
https://www.pgpf.org/blog/2021/01/the-unemployment-rate-remains-historically-high
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.
https://www.pgpf.org/chart-archive/0093_medicaid_demographics
Medicaid finances about one-third of all home health and nursing home care spending in the United States.
https://www.pgpf.org/chart-archive/0095_medicaid_home_health
Medicare covers more than 40 percent of the nation's home health care bills and more than 20 percent of most other health services.
https://www.pgpf.org/chart-archive/0092_medicare_share_costs
Hospital expenses are the largest category of Medicare spending, but their share has fallen over time.
https://www.pgpf.org/chart-archive/0089_composition_medicare_payments
On average, Medicare benefits far exceed taxes over an individual’s lifetime.
https://www.pgpf.org/chart-archive/0197_Medicare_lifetime_benefits
On December 27, 2020, the federal government enacted a relief package that included a second round of Economic Impact Payments (often referred to as “stimulus payments”) to Americans.
https://www.pgpf.org/blog/2021/01/what-to-know-about-the-second-coronavirus-stimulus-checks
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.