Total Medicare spending 1970-2018

This statistic depicts total Medicare spending from 1970 to 2018. In 1970, some 7.5 billion U.S. dollars were spent on the Medicare program in the United States. Almost fifty years later, in 2018 this figure stood at some 740.6 billion U.S. dollars.

Total Medicare spending from 1970 to 2018 (in billion U.S. dollars)*

Total spending in billion U.S. dollars
2018740.6
2017710.2
2016678.7
2015560.3
2014613.3
2013582.9
2012574.2
2011549.1
2010522.9
2005336.4
2000221.8
1995184.2
1990111
198572.3
198036.8
197516.3
19707.5
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Source

Release date

April 2019

Region

United States

Survey time period

1970 to 2018

Supplementary notes

* Data are for fiscal years.
Section 708 of the Social Security Act modifies the provisions for the payment of Social Security benefits when the regularly designated day falls on a Saturday, Sunday, or legal public holiday. Payment of those benefits normally due January 3, 2010 actually occurred on December 31, 2009, and payment of benefits normally due January 3, 2016 occurred on December 31, 2015. Consequently, the Part B and Part D premiums withheld from these benefits and the associated Part B general revenue contributions were added to the Part B or Part D account, as appropriate, on December 31, 2009 (about $14.8 billion for Part B and about $0.2 billion for Part D) and December 31, 2015 (about $7.5 billion for Part B and about $0.2 billion for Part D), respectively.

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