Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/5/2013 (5 months ago)

Catholic Online (www.catholic.org)

CMS spent more in inflation-adjusted dollars than the entire federal government spent in 1965

It\'s a new record that few would be proud of. The Centers for Medicare and Medicaid Services spent a whopping $1,113,178,000,000 in fiscal 2013. The agencies, which run the federal government's major health-care programs as well as the Obamacare insurance exchange, spent the most money ever spent by a federal agency or department in a single year.

At $635.211 billion, federal spending on national defense in fiscal 2013 equaled only 57 percent of the money spent by CMS.

At $635.211 billion, federal spending on national defense in fiscal 2013 equaled only 57 percent of the money spent by CMS.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/5/2013 (5 months ago)

Published in Politics & Policy

Keywords: Medicare, CMS, money, budget, record


LOS ANGELES, CA (Catholic Online) - This figure was courtesy of the Monthly Treasury Statement for September, released last week. In short, the CMS spent more in inflation-adjusted dollars than the entire federal government spent in 1965! That year, coincidentally, marked the time then-President Lyndon Johnson signed the legislation creating the Medicaid and Medicare programs.

The entire federal government spent $118,228,000,000 in 1965 dollars, according to the Office of Management and Budget. That converts to $878,824,380,000 in 2013 dollars, according to the Bureau of Labor Statistics inflation calculator.

CMS became the first federal agency to spend more than a trillion dollars in 2010, when it spent $1,035,783,000,000. In 2011, CMS spent $1,095,406,000,000; in 2012, it spent $1,052,799,000,000; and, in 2013, it spent a record $1,113,178,000,000.

"CMS outlays more benefits than any other Federal agency," the fiscal 2014 budget justification that CMS has sent to the congressional appropriations committees reads.

"CMS remains the largest purchaser of health care in the United States," it says. "Our programs combined currently pay almost one-third of the Nation's health expenditures."

"With the implementation of the Affordable Care Act provisions, CMS has the opportunity to provide affordable health care to millions of additional Americans," the budget justification reads.

In contrast, the Department of Defense spent $607.801 billion, and total "national defense" spending by all federal agencies was $635.211 billion.

At $635.211 billion, federal spending on national defense in fiscal 2013 equaled only 57 percent of the money spent by CMS.

A birth foretold: click here to learn more!


---


Pope Francis calls for your 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2014
Respect for Women:
That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.



Comments


More Politics & Policy

Ron Paul says he will not pay IRS fine against his non-profit org Watch

Image of Ron Paul suggested his group will fight the IRS if they attempt to enforce a fine against Campaign for Liberty.

By Catholic Online (NEWS CONSORTIUM)

Ron Paul's Campaign for Liberty, a nonprofit political group, has been targeted by the IRS. The IRS has demanded to see the group's donor list, a demand the group has refused to meet which has led to a fine. The organization now says it will not pay the fine. LOS ... continue reading


Report says Christianity should be taught Watch

Image of Religions place in public education is a hotly debated issue for Americas.

By Catholic Online (NEWS CONSORTIUM)

It is commonly, though wrongly, accepted knowledge that public school teachers are not allowed to teach the Bible, biblical values, or Christian history in public schools. It is a debate that dominates every part of life, from a single household to the federal ... continue reading


Obama has proposed 442 tax hikes since taking office and you won't believe what he could tax next! Watch

Image of Obama has proposed hundreds of tax increases and more could come within the last two years.

By Catholic Online (NEWS CONSORTIUM)

President Obama has attempted 442 tax increases during his six years as president so far, and more are likely to come as the administration looks for ways to pay for their proposals. According to Americans for Tax Reform, the numbers suggest why it's important to have ... continue reading


Hey Eric Holder, where are the special prosecutors? Watch

Image of Hey Holder, why won't you answer simple questions?

By Catholic Online (NEWS CONSORTIUM)

At several federal judges said last week that in their professional opinion, Attorney General Eric Holder has exceeded his authority by giving federal prosecutors "improper instruction" to reduce drug sentences prior to official approval of new guidelines. LOS ANGELES, ... continue reading


Corruption runs deep - Ranking member of Committee asked to explain 'surreptitious communication' with IRS Watch

Image of Elijah Cummings (D-MD) has suspicious contact with the IRS. He has also resisted efforts to compel Lois Lerner to testify.

By Catholic Online (NEWS CONSORTIUM)

The House Oversight and Reform Committee is asking its ranking member, Elijah Cummings (D-MD) why he had surreptitious communication with the IRS over a group that received unlawful IRS scrutiny. The committee says the public deserves a "full and truthful explanation" ... continue reading


Attorney General Eric Holder lashes out Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Attorney General Eric Holder has been under some intense, unflattering scrutiny as of late, stemming from the "Fast and the Furious" debacle. Holder went "off script" during a speech given at the National Action Network. While lauding the organization's effort ... continue reading


House Republicans contemplating jail for Lois Lerner Watch

Image of Lois Lerner could go to jail if she refuses to cooperate with investigators.

By Catholic Online (NEWS CONSORTIUM)

Republicans are contemplating the arrest of Lois Lerner for contempt in the event the Attorney General, Eric Holder refuses to act on their findings. LOS ANGELES, CA (Catholic Online) - On Wednesday, the House Ways and Means Committee voted to investigate whether or ... continue reading


Attorney General Eric Holder gets 'ghetto' during hearing Watch

Image of Attorney General became angry and slipped into colloquial speech during a hearing with Representatives.

By Catholic Online (NEWS CONSORTIUM)

Attorney General Eric Holder might not be in contempt of a Congressional hearing, but he certainly behaved contemptuously in our opinion, when he was questioned as to why his department could provide documents to terrorists and their attorneys but not congress. After ... continue reading


Your government at work: Feds ATTACK lone cattle rancher with army --to protect a tortoise Watch

Image of Cliven Bundy is under siege on his cattle ranch by a small army of federal agents, over a tortoise and unpaid grazing fees.

By Catholic Online (NEWS CONSORTIUM)

A shocking paramilitary action in unfolding in the high Nevada desert pitting the Feds against a lone rancher and his cattle herd. It's the stuff of fiction, but it is happening right now and the U.S. government doesn't want anyone to know what they are doing. LAS ... continue reading


SEARCH AND READ - ACLU opens database of leaked NSA documents Watch

Image of Americans have widely condemned NSA spying, but little has changed.

By Catholic Online (NEWS CONSORTIUM)

The ACLU has launched its own database of documents leaked by Edward Snowden as well as other disclosures regarding at activities of the NSA. The ACLU says the documents will serve as a primary source for understanding the government's interpretation of its authority ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Isaiah 50:4-9
4 Lord Yahweh has given me a disciple's tongue, for ... Read More

Psalm, Psalms 69:8-10, 21-22, 31, 33-34
8 I am estranged from my brothers, alienated from my ... Read More

Gospel, Matthew 26:14-25
14 Then one of the Twelve, the man called Judas ... Read More

Saint of the Day

Saint of the Day for April 16th, 2014 Image

St. Bernadette
April 16: On April 16, 1879, Bernadette -- or Sister Marie-Bernard, as she ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter