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- Claim Text
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"In total, the fiscal cost of federal tax expenditures and spending for health care, as of 2025, is nearly $2.7 trillion, or 8.9 percent of GDP," they add.
- Simplified Text
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William McBride and Guy Cardwell stated that the fiscal cost of federal tax expenditures and spending for health care was nearly $2.7 trillion, or 8.9 percent of GDP, as of 2025.
- Confidence Score
- 0.900
- Claim Maker
- William McBride and Guy Cardwell
- Context Type
- News Article
- Context Details
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{ "date": "2025" } - Subject Tags
- UUID
- f3a89088-3b02-420c-abb1-cabe5cfe1d07
- Vector Index
- ✗ No vector
- Created
- September 25, 2026 at 3:46 AM (2 weeks ago)
- Last Updated
- September 25, 2026 at 3:46 AM (2 weeks ago)
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Completed
Opinion
14
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2 weeks ago
https://reason.com/2026/09/23/federal-health-care-subsidies-are-devouring-the-budget-and-killing-patient-satisfaction
Federal health care spending, including Medicare, Medicaid, and ACA subsidies, now consumes nearly one-third of the federal budget. Despite this vast spending, a record-high 23% of Americans say the U.S. healthcare system is in crisis, with costs being the biggest problem.
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Simplified: McBride and Cardwell recommend that lawmakers should institute market reforms in healthcare, such as allowing more competition and consumer choice, in...2 weeks ago
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Simplified: In 1962, the federal government spent $2.3 billion on health programs, which was 2.1 percent of the budget and 0.4 percent of GDP, before Medicare and...2 weeks ago
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Simplified: Michael F. Cannon, a Cato Institute health expert, warned in The Wall Street Journal in 2025 that Medicare and Medicaid rules reduce healthcare qualit...2 weeks ago