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The Congressional Budget Office says that federal spending for major health care programs and Social Security are on track to 14 percent of the gross domestic product by 2038, twice the 7 percent average of the past 40 years.
The percentage of the U.S. economy spent on health care for individuals ages 65 and older exceeds 5 percent â a proportion that is expected to double by 2030 and triple by 2050.As seniors age, they may struggle to afford soaring health care costs â just as their income is shrinking.According to a recent study by the Employee Benefit Research Institute (ERBI), a U.S. couple retiring in 2012 needed $227,000 in order to have a 75 percent chance of covering their future medical costs.he percentage of the U.S. economy spent on health care for individuals ages 65 and older exceeds 5 percent â a proportion that is expected to double by 2030 and triple by 2050.