4 statistics that will make your head spin
Post on 23-Aug-2014
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49% of households receive benefits from some kind of entitlement program.
62%Social Security
Medicare Medicaid
of Federal Budget
These 3 programs make up 62% of the federal budget.
$809 BILLION2013
Social Security covers 58 million people per year and will cost $809 billion in 2013.
$586 BILLION2013
Medicare now covers nearly 51 million people and will cost $586 billion in 2013.
Social Security Medicare
$265 BILLION2013
Medicaid provides health care for 62 million poorer Americans
and will cost $265 billion in 2013.
Medicaid
In 2013, Social Security, Medicare, and Medicaid cost $1.6 trillion.
By 2023, the total price for these programs will soar to $3 trillion a year.
Anyone got a few extra trillion dollars lying around? Let us know how you’d reform entitlements.
@USChamber
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