Medicare income total 1970-2023

This statistic depicts total Medicare income from 1970 to 2023. In 1970, the Medicare program generated a total income of some 8.2 billion U.S. dollars. Fifty plus years later, this figure stood at over 1,024 billion U.S. dollars.

Total Medicare income from 1970 to 2023* (in billion U.S. dollars)

Characteristic	Total income in billion U.S. dollars
2023**	1,024.6
2022**	988.6
2021	887.6
2020	899.9
2019	794.7
2018	755.8
2017	705.1
2016	710.2
2015	644.4
2014	599.3
2013	575.8
2012	537
2011	530
2010	486.1
2005	357.5
2000	257.1
1995	175.3
1990	126.3
1985	76.5
1980	37
1975	17.7
1970	8.2

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Release date

May 2024

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Region

United States

Survey time period

1970 to 2023

Supplementary notes

* Data are for fiscal years.

**Includes (i) a transfer of $37.8 billion in calendar year 2020 from the general fund of the Treasury to Part B, which occurred in November of 2020 for the outstanding balance of the Medicare Accelerated and Advance Payments (AAP) Program, as required by the Continuing Appropriations Act, 2021 and Other Extensions Act, and (ii) subsequent recoveries from providers that were transferred from Part B to the general fund of the Treasury in the amounts of $14.3 billion, $21.7 billion, and $1.7 billion in calendar years 2021 through 2023, respectively.

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