Stories

The big picture: Medicare is running out of money

Medicare is the fastest-growing part of the federal budget aside from interest payments — a problem that has only been made worse by declining revenues under the GOP tax law.

Data: Congressional Budget Office; Chart: Chris Canipe/Axios

The big picture: Spending is expected to grow by 117% over the next decade due to rising health care costs and an aging population. There’s no sense of urgency in Washington about this. And even if there was, this political environment sinks any chance of massive problem-solving.