feld on Nostr: > Four health insurance programs — Medicare, Medicaid, the Children’s Health ...

> Four health insurance programs — Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and Affordable Care Act (ACA) marketplace health insurance subsidies — together accounted for 24 percent of the budget in 2024, or $1.7 trillion. More than half of this amount, or $912 billion, went to Medicare, which in June 2024 provided health coverage to around 67 million people who are age 65 or older or have disabilities. The rest of this amount reflects the federal costs of Medicaid and CHIP ($626 billion) and ACA subsidy and marketplace costs ($125 billion). Both Medicaid and CHIP require states to pay some of their total costs.