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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.
Spending on federal entitlement programs will more than double between 1991 and 2051.
Medicare and Medicaid account for the majority of federal healthcare spending
Medicare spending is expected to grow substantially.
Between 2006 and 2051, spending on federal health programs is projected to more than double.
On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
Social Security provides social insurance by redistributing income from high earners to low earners.
Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.