Medicare - Statistics & Facts

Medicare - Statistics & Facts

Statistics and facts about Medicare

Medicare is a federal social insurance program and was introduced in 1965. Its aim is to provide health insurance to older and disabled people. In 2015, 16.3 percent of all people in the United States were covered by Medicare. Unlike Medicaid, Medicare is not bound to lower incomes or a certain state of poverty. There are, however, a significant number of people who meet the criteria to participate in both programs.

In 2015, around 56 million people were enrolled in the Medicare program. Nearly 47 million of them were beneficiaries for reasons of age, while approximately nine million were beneficiaries due to various disabilities. The U.S. states with the highest percentage of Medicare beneficiaries among their populations were West Virginia and Maine, where almost a quarter of the population was enrolled. With over 5.6 million, California was the state with the highest number of Medicare beneficiaries.

The United States spent some 640 billion U.S. dollars on the Medicare program in 2015. Since Medicare is divided into several parts, Medicare Part A and Part B combined were responsible for the largest share of spending. Hospital inpatient services – as included in Part A - were the service type which alone made up almost a quarter of total Medicare spending in 2015. In 2009, an average of 4,847 U.S. dollars was spent on hospital care per Medicare enrollee.

Medicare, however, has also significant income, which amounted to some 630 billion U.S. dollars in 2015. It is estimated that almost 80 percent of this income was generated by general revenue and payroll taxes. Other sources of income are beneficiary premiums, state payments, social security benefit taxations, and interests.

A look into Medicare’s future shows us that total outlays are expected to grow to more than one trillion U.S. dollars within the next six years. That would be 4.3 percent of the United States’ gross domestic product, compared to 3.6 percent today. By 2020, about 64 million people are expected to be enrolled in Medicare.

Picture: Medicare

Show more   

Facts on Medicare
Medicare's share of U.S. health care expenditure in 201620% Details →
Percentage of U.S. Americans covered by Medicare in 201516.3% Details →
Total Medicare income in 2015629.9bn USD Details →
Total Medicare assets at year-end in 2015265.3bn USD Details →
Projected medicare enrollment by 205092.8m Details →
Total Medicare spending in 2015638.1bn USD Details →
Average Medicare household spending on health care in 20124.7k USD Details →
Medicare spending per enrollee is highest in New Jersey in 200911,903 USD Details →
Percent of Medicare spent on hospital care in 201440% Details →
Enrollment in Medicare program due to age in 201546.8m Details →
Medicare beneficiaries in California in 20155,644,384 Details →
Percentage of Medicare beneficiaries that are under 100% of the federal poverty level in 201511% Details →
Number of Medicare hospital facilities in the U.S. in 20146,142 Details →
Total number of Medicare hospital beds in the U.S. in 2014931,057 Details →
Number of Medicare skilled nursing facilities in 201415,179 Details →
Number of Medicare psychiatric hospitals in 2014551 Details →
Prescription drug spending by Medicare in 201486.4bn USD Details →
Money saved by using generic drugs for Medicare patients in California in 20156.4m USD Details →
Projected distribution of Medicare spending as a percentage of total health spending in 202422.5% Details →
Projected enrollment in Medicare in 205092.8m Details →

Recommended statistics about “Medicare”
Recommended Studies
  • The complete topic in one convenient package
  • Instant access and download
  • Great time-saver
You may also be interested in...