Medicare outlays amounted to one trillion U.S. dollars in 2023, which was about 3.1 percent of the U.S. GDP. The forecast predicts an increase in Medicare outlays up to 2.1 trillion U.S. dollars in 2034, which would be about 4.2 percent of the projected U.S. GDP.
Medicare outlays and forecast in the United States from 2000 to 2034
(as a percentage of GDP)
Values for 2019-2020 are calculated by Statista using GDP figures from the source's 10-Year Economic Projections, available here.
Values prior to 2019 taken from previous reports, page 159, available here. Values after 2020 taken from The Budget and Economic Outlook Fiscal Years 2022, page 59, available here.
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US Congressional Budget Office. (May 25, 2022). Medicare outlays and forecast in the United States from 2000 to 2034 (as a percentage of GDP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
US Congressional Budget Office. "Medicare outlays and forecast in the United States from 2000 to 2034 (as a percentage of GDP)." Chart. May 25, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
US Congressional Budget Office. (2022). Medicare outlays and forecast in the United States from 2000 to 2034 (as a percentage of GDP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
US Congressional Budget Office. "Medicare Outlays and Forecast in The United States from 2000 to 2034 (as a Percentage of Gdp)." Statista, Statista Inc., 25 May 2022, https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
US Congressional Budget Office, Medicare outlays and forecast in the United States from 2000 to 2034 (as a percentage of GDP) Statista, https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/ (last visited July 22, 2024)
Medicare outlays and forecast in the United States from 2000 to 2034 (as a percentage of GDP) [Graph], US Congressional Budget Office, May 25, 2022. [Online]. Available: https://www.statista.com/statistics/217656/outlays-for-medicare-and-forecast-in-the-us-as-a-percentage-of-the-gdp/
