Booming Health Care Spending Tops Social Security, CBO Reports
The government spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office. Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office reported. The Affordable Care Act's expansion of Medicaid and the growing availability of subsidies for exchange plans are driving much of the higher spending.
The Hill:
Federal Healthcare Spending Tops Social Security For The First Time
Modern Healthcare:
Medicaid Expansion, Exchanges Push Healthcare Spending Past Social Security