Below are two charts from Karl Denninger that tell the true story. The projected chart for 2020 will not happen because the entire rotting edifice will implode before 2020. Math is hard, especially for lying politicians and corrupt government bureaucrats. To read his entire article click here:
Health Care (all programs) was $55.3 billion.
In 2011 the Federal Budget looked like this:
And Health Care spending was $858.2 billion.
That is approximately a 9.3% annualized growth over that period of time.
Note that as a percentage of the budget Pensions (that is, Social Security) and Defense did not materially change. Health care exploded.
This is where the problem is.
This is where the Democrats and Republicans and Libertarians don’t want to get into details.
But it is where we must, because if we do not this growth in Health Care spending will absolutely, with certainty, destroy the Federal Budget and our government.