More than 50 states are facing an expected shortfall of $4 trillion next year due to rising health care expenses, according to a new report from the nonpartisan Congressional Budget Office.
The shortfall is due to higher costs and more sick people getting care.
While the national deficit will shrink by about $2 trillion, the costs will continue to grow.
The states with the biggest financial problems will be those in the Northeast, South and Midwest, according the report released Tuesday.
The report, which was commissioned by Democratic lawmakers, said the national average for the number of people with health insurance was about 6.7 million in 2014.
The report projected that by 2020, that number would rise to 10.2 million, which would be about $3 trillion in the national economy.
The cost of medical care will grow at a faster rate in states with high cost of living, including New York, Illinois and Minnesota, the report said.
In those states, health care spending per capita is expected to rise from about $6,500 in 2020 to about $15,000 by 2030.
In contrast, the national total for the cost of a person’s care will fall, from about 3.4 million in 2020 and to 1.8 million in 2030.
The national total is projected to fall to 1 million in 2028.
States with the largest increases in spending on health care, as well as those with the highest costs, are also the states with largest increases or declines in the share of residents living in poverty, according.
The biggest increases are expected in Illinois, the biggest state in the country, which is projected by the report to have the biggest health care gap by 2026.
It is projected that the gap will widen to 6.6 million by 2028, according for the report.
States in the Southeast and Mid-Atlantic also have projected problems with health care expenditures.
In New Jersey, the number for Medicaid will increase from about 14.6 to 16.8 percent by 2034.
In the Northeast and South, the projected number of residents in poverty will be 12.8 to 15.8.
In California, the projection for the total number of poor people is predicted to rise by about 9 percent from 2020 to 2026, while the projected cost of health care will increase by an average of 5 percent from $6.9 trillion in 2020 dollars to $8.3 trillion.
In other words, the health care deficit will increase, but not as much as in the Midwest, where the report found that spending per person will increase about 8 percent.
A key reason for the projected financial problems is the fact that the number and cost of new residents in the U.