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In FY 2018 the federal government spent $589 billion on Medicare.
But that is not the whole story.
The $589 billion number is so-called “net” Medicare, net of premiums and collections. Gross spending on Medicare in FY 2018, before subtracting “premiums and collections,” was $712 billion.
This page shows the current trends in Medicare spending, Part A thru Part D. There are also charts on Medicare spending history. See here for a general history of entitlement spending. See here for spending forecast from latest Medicare Trustees Report.
Find NATIONAL DEBT today.
ENTITLEMENT SPENDING history.
See SPENDING ANALYSIS briefing.
See SPENDING HISTORY briefing.
Take a COURSE at Spending 101.
Make your own CUSTOM CHART.
Spending data is from official government sources.
Detailed table of spending data sources here.
Federal spending data begins in 1792.
State and local spending data begins in 1820.
State and local spending data for individual states begins in 1957.
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> US, State Pop FY17
Sources for 2014:
Sources for 2023:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
FY 2018 Outcomes