Total Medicare spending 1970-2023

Total Medicare spending from 1970 to 2023 (in billion U.S. dollars)*

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Release date

May 2024

Region

United States

Survey time period

1970 to 2023

Supplementary notes

* Data are for fiscal years.

**Includes (i) a transfer of $37.8 billion in calendar year 2020 from the general fund of the Treasury to Part B, which occurred in November of 2020 for the outstanding balance of the Medicare Accelerated and Advance Payments (AAP) Program, as required by the Continuing Appropriations Act, 2021 and Other Extensions Act, and (ii) subsequent recoveries from providers that were transferred from Part B to the general fund of the Treasury in the amounts of $14.3 billion, $21.7 billion, and $1.7 billion in calendar years 2021 through 2023, respectively.

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