In 2018, around 120 billion U.S. dollars were spent on Medicare Parts B and D drugs that were advertised. That means that some 60 percent of total Medicare Parts B and D spending was spent on advertised drugs. This statistic illustrates Medicare Part B and Part D spending on advertised drugs in the United States from 2016 to 2018.
Medicare Part B and Part D spending on advertised drugs from 2016 to 2018
(in billion U.S. dollars)
Medicare spending on drugs (in billion U.S. dollars)
2016
2017
2018
2016-2018 combined
Medicare Part B spending on advertised drugs (in billion USD)
16.1
18.5
24.3
59
% of total Medicare Part B spending
58.1
60.8
73
64.4
Medicare Part D spending on advertised drugs (in billion USD)
78.6
90.7
95.9
265.3
% of total Medicare Part D spending
54.1
58.6
57
56.6
Medicare Parts B and D spending on advertised drugs (in billion USD)
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GAO. (May 24, 2021). Medicare Part B and Part D spending on advertised drugs from 2016 to 2018 (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 09, 2025, from https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/
GAO. "Medicare Part B and Part D spending on advertised drugs from 2016 to 2018 (in billion U.S. dollars)." Chart. May 24, 2021. Statista. Accessed January 09, 2025. https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/
GAO. (2021). Medicare Part B and Part D spending on advertised drugs from 2016 to 2018 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 09, 2025. https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/
GAO. "Medicare Part B and Part D Spending on Advertised Drugs from 2016 to 2018 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 May 2021, https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/
GAO, Medicare Part B and Part D spending on advertised drugs from 2016 to 2018 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/ (last visited January 09, 2025)
Medicare Part B and Part D spending on advertised drugs from 2016 to 2018 (in billion U.S. dollars) [Graph], GAO, May 24, 2021. [Online]. Available: https://www.statista.com/statistics/1249764/medicare-part-b-and-d-spending-on-advertised-drugs/
