True or False: Federally sponsored programs account for more than 40% of U.S. personal healthcare expenditures.

The statement is true because federally sponsored programs such as Medicare, Medicaid, and the Children's Health Insurance Program (CHIP) play a significant role in U.S. healthcare spending. These programs collectively cover a large portion of the population and provide financial assistance for medical expenses, which contributes heavily to overall personal healthcare expenditures. Given the vast number of beneficiaries and the rising costs of healthcare services, it's reasonable to state that federally funded programs contribute to over 40% of the total expenditures in the United States.

While other options might suggest variability—that expenditures shift based on state circumstances or specific years—they don’t capture the broader and consistent impact of federal programs on the healthcare spending landscape across the nation. The assertion remains robust under typical conditions, which is why the correct answer is true.