The Motley Fool, February 13, 2016: The 2016 Federal Budget: Where the Money Really Goes
“Nope, your eyes aren’t deceiving you; healthcare really accounts for more than $1.1 trillion of the federal budget this year. The cause? It’s primarily entitlement programs such as Medicare — which predominantly covers the elderly — and Medicaid — which covers low-income individuals and their families. Medicare and Medicaid, along with CHIP, the Children’s Health Insurance Plan, eat up $955.2 billion of the $1.107 trillion healthcare budget. Keep in mind, Medicaid’s expansion in 31 states under Obamacare — officially the Affordable Care Act — has expanded the annual cost of the program.”