In 2020, the share of U.S. federal budget spent on Medicare was 12 percent, a four-times increase since 1970. If current laws stand, the share of federal spending on Medicare could rise to one fifth of total budget by 2051.
This statistic shows the share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051 under current law.
Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051
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Peter G. Peterson Foundation. (September 2, 2021). Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/
Peter G. Peterson Foundation. "Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051." Chart. September 2, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/
Peter G. Peterson Foundation. (2021). Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/
Peter G. Peterson Foundation. "Share of U.S. Federal Budget Spent on Medicare in 1970, 2020, and Forecast for 2051." Statista, Statista Inc., 2 Sep 2021, https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/
Peter G. Peterson Foundation, Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051 Statista, https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/ (last visited November 21, 2024)
Share of U.S. federal budget spent on Medicare in 1970, 2020, and forecast for 2051 [Graph], Peter G. Peterson Foundation, September 2, 2021. [Online]. Available: https://www.statista.com/statistics/1116168/share-of-us-federal-budget-spent-on-medicare-current-and-forecast/
