Margaret Barnhorst, Health Care Policy Intern
The Congressional Budget Office’s (CBO)
latest Budget and
Economic Outlook projects that federal spending on major
health care programs will more than double over the next 10 years. In 2019,
federal spending on major health care programs was $1.3 trillion, and this sum
will rise to $2.5 trillion by 2030. Outlays for major health care programs were
5.4 percent of gross domestic product (GDP) in 2019, and this rate will rise to
7.0 percent of GDP in 2030, driven mainly by Medicare. Both rising health care
costs and an aging population are driving the growth in mandatory spending on federal
health programs. CBO projects these spending trends will continue in the future
under current law, with federal spending on health care programs reaching 9
percent of GDP by 2050.
Source: CBO’s Budget and
Economic Outlook: 2020 to 2030
https://www.americanactionforum.org/weekly-checkup/inconsistency-and-hypocrisy-on-an-international-price-index/#ixzz6CzlJvrSh
Follow @AAF on Twitter
Follow @AAF on Twitter
No comments:
Post a Comment