On January 26, 2024, Paragon’s Drew Gonshorowski and Theo Merkel were referenced alongside their Paragon Pic on mandatory health care spending in a recent article by the U.S. House Committee on the Budget.
From the article:
This week, Drew Gonshorowski and Theo Merkel of Paragon Health Institute sounded the alarm on how mandatory spending on major federal health care programs now exceeds the entire discretionary budget, driving up our $34 trillion in national debt and crowding out important national priorities, like national security.
Discretionary funding now makes up just 27% of the federal budget, while spending on mandatory programs, including the major health programs, continues on autopilot.
In 2024, federal spending on mandatory health programs – including Medicare, Medicaid, and Obamacare subsidies – is forecasted to reach $1.67 trillion. By 2033 federal spending on these health programs is projected to skyrocket to $3.103 trillion.
By consuming a growing share of the federal budget, mandatory health care spending is the key driver of our nation’s $34 trillion debt, driving America to the edge of insolvency. In fact, while other areas of federal spending are projected to decline in relation to GDP, spending on mandatory health programs is projected to rise, alongside spending on interest on the debt and Social Security, eating up more and more taxpayer dollars and wasting essential resources.