CBO Long Term Budget Outlook for 2017

On March 30, 2017 the Congressional Budget Office released its annual Long Term Budget Outlook for 2017, which projects federal spending and revenue out into the 2040s.  As before, the CBO study shows that federal health-care programs will eat the budget, with federal spending exceeding 28 percent GDP by mid century while federal revenue stays below 20 percent GDP.

UsGovernmentspending.com has updated its chart of the CBO Long Term Budget Outlook here.  You can download the data and also view CBO Long Term Budget Outlooks going back to 1999.

Medicare Part C Updated From 2017 Trustee Report

Usgovernmentspending.com has updated its estimate of Medicare Part C, the Medicare Advantage program using data in the Medicare Trustees Report of 2017 that was released July 13, 2017. You can see the results here.

The Budget of the United States Government reports Medicare outlays as a single line item, subfunction 571 in Historical Table 3.2, but Usgovernmentspending.com shows a breakdown of the Medicare program into its constituent parts, as follows:

1. Part A: Hospital Insurance
2. Part B: Supplementary Medical Insurance
3. Part C: Medicare Advantage
4. Part D: SMI Drug Plan

These data are constructed from data in the Public Budget Database and Table IV.C2 in the Medicare Trustees Report 2017. You can inspect the extracted data from Medicare Trustees Reports Table IV.C2 here.

See the blog entry that introduced Medicare Part C here.

Medicare/Social Security 2017 Trustee Reports Released

On July 13, 2017, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2090.  As in the past, the report shows that federal health-care programs will eat the budget.

UsGovernmentspending.com has updated its chart of the Medicare Outlook here based on data in the 2017 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On July 13, 2017, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2090.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP.

UsGovernmentspending.com has updated its chart of the Social Security Outlook here based on data in the 2017 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.