Building an Economy that Works for Everyone

Health care budget deficit calculator

From the Center for Economic and Policy Research:

The U.S. health care system is possibly the most inefficient in the world: We spend twice as much per person on health care as other advanced countries, but we have worse health outcomes, including a lower life expectancy. The government, through programs like Medicare and Medicaid, pays for approximately half of the country’s health care, almost all of which is actually provided by the private sector. Thus, the bulk of our projected rising budget deficits are due to skyrocketing health care costs.

Click to use the interactive chart

The CEPR Health Care Budget Deficit Calculator shows that if the U.S. can get health care costs under control, our budget deficits will not rise uncontrollably in the future. But if we fail to contain health care costs, then it will be almost impossible to prevent exploding future budget deficits.

The Calculator lets you see what projected U.S. budget deficits would be if we had the same per person health care costs as any of the countries listed below, all of which enjoy longer life expectancies than the U.S. (Life expectancies are listed in parentheses.)

The yellow line shows projected deficits based on baseline projections from the non-partisan Congressional Budget Office (CBO). The blue line shows where the deficits would be if health care costs in the U.S. were to rise only due to the aging of the population and stay even with per capita GDP growth (based on CBO’s “Low Health Care Cost” projection).

Use the CEPR calculator »

  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

March 20, 2024

I-2111: The Income Tax Ban Is A Spectacle, but One We Can’t Ignore

A way to waste time, energy, and money, I-2111 is costing more than just taxes

March 20, 2024

Let’s Go Washington: Three initiatives threatening to roll back years of progress

Here’s what you need to know about the initiatives on your November ballot

March 12, 2024

Washington’s Women Are More Protected This Equal Pay Day

Thanks to an update to the state's wage discrimination protections, Washington woman are closer to closing the wage gap