Medical Spending Grows with Age
Medical spending increases rapidly with age.
https://www.pgpf.org/chart-archive/0020_medical-spending-by-age
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Medical spending increases rapidly with age.
https://www.pgpf.org/chart-archive/0020_medical-spending-by-age
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
The outlook for the federal budget has worsened considerably since last year, according to a new report.
Healthcare spending is a critically important part of the American economy and the federal budget.
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Over the past 50 years, the share of Medicare spending on hospital expenses has declined the most while the share spent on prescription drugs has increased the most
https://www.pgpf.org/chart-archive/0089_composition_medicare_payments
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
Medicare spending is projected to rise rapidly.
https://www.pgpf.org/chart-archive/0276_medicare_spending_long-term
The growing debt is caused by a structural mismatch between spending and revenues.
SNAP spending sharply increased in response to the COVID-19 pandemic, but is projected to decline below historical levels over the next decade.