Focus on Medicare and Medicaid
by Kayo (2024-02-19 13:21:56)

In reply to: PBR Poll on Possible Federal Revenue Enhancements....  posted by Raoul

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According to the final 2023 Treasury Statement...

Medicare receipts: $358 billion.

Medicare spending:

Centers for Medicare and Medicaid services: $2,147 billion, an operating deficit of ~84.4%. That is, only about 17% of the spending is funded by a concurrent tax receipt.

In addition, the federal government handed nearly twice the Medicare tax receipts to the states for Medicaid ($616 billion) without receiving a nickel in taxes for any of it.

That's $2.4 trillion of the deficit. Everything else is trimming around the edges.



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