Social Security, Medicare and Medicaid Will Consume Larger Percentage of GDP

Posted on May 21st, 2008 by PerotCharts

Social Security, Medicare and Medicaid Will Consume Larger Percentage of GDP

The Government Accountability Office prepared the data for this chart using information from the Office of the Chief Actuary of the Social Security Administration, the Office of the Actuary of Medicare and Medicaid Services, and the Congressional Budget Office. The conclusion needs little explanation: Government spending for the big three entitlement programs, as a percentage of GDP, will triple in 70 years, primarily as a result of projected increases in healthcare costs.

Leave a Reply

You must be logged in to post a comment.