Tag: Social Security
CBO: Social security spending will outpace tax revenues
October 2, 2012HME News Staff
WASHINGTON - Spending for Social Security totaled $773 billion in fiscal year 2012, about 5% of gross domestic product (GDP) and one-fifth of federal spending, the Congressional Budget Office (CBO) stated in an updated report released Oct. 2.Over the next 10 years, outlays will exceed dedicated tax revenues by, on average, about 10%. That gap will grow larger in the 2020s.“As more members of the baby-boom generation retire and the U.S. population grows older in the coming decades, Social Security...
Congressional Budget Office (CBO), Home Medical Equipment (HME), Social Security, spending
Sponsored Stories
From Intake to Billing — SOS Handles It All for HME/DME Providers
By Strategic Office SupportHow Advanced Diabetes Supply is Driving Value-Based Health Outcomes
By Advanced Diabetes SupplySOS Achieves Remarkable 400% Growth in 2023, Bolsters Team with Director Appointment
By Strategic Office Support