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Spending is highly concentrated among a relatively few patients. The Kaiser Family Foundation reported that the concentration of health care spending in the U.S. in 2010 was as follows: The top 1% of persons accounted for 21% of health care spending; The top 5% accounted for 50%; The top 20% accounted for 82%; and
Transfer payments to (persons) as a percent of Federal revenue in the United States Transfer payments to (persons + business) in the United States. CBO projects that spending for Social Security, healthcare programs and interest costs will rise relative to GDP between 2017 and 2027, while defense and other discretionary spending will decline relative to GDP.
The largest health care expenditure is for California's Medi-Cal program, a health insurance program for low-income families in California. [31] [32] In addition, health care spending is focused on women's health services, treatment for addiction, and dentistry. [31]
The overall spending on healthcare has increased since the late 1990s, and not just due to general price raises as the rate of spending is growing faster than the rate of inflation. [117] Moreover, the expenditure on health services for people over 45 years old is 8.3 times the maximum of that of those under 45 years old. [118]
Likewise, government spending on social infrastructure, such as preventative health care, can save several hundreds of billions of dollars per year in the U.S., because for example cancer patients are more likely to be diagnosed at Stage I where curative treatment is typically a few outpatient visits, instead of at Stage III or later in an ...
[9] [10] [11] Government mandated critical care and government insurance programs like Medicare also impact the market pricing of U.S. health care. According to The New York Times in 2011, "the United States is far and away the world leader in medical spending, even though numerous studies have concluded that Americans do not get better care ...
Aside from lopping off entire agencies, here are some examples of controversial federal spending that, based on Musk and Ramaswamy’s recent comments, could be in the line of fire for coming cuts:
Mandatory spending has grown from 4.9 percent of federal spending in FY 1970, to 25.7 percent of federal spending in FY 2016. [3] Health care cost per capita has grown much faster than the economy. [3] New medical technologies have transformed health care and led to increasing costs.