This statistic depicts total Medicare income from 1970 to 2023. In 1970, the Medicare program generated a total income of some 8.2 billion U.S. dollars. Fifty plus years later, this figure stood at over 1,024 billion U.S. dollars.
Total Medicare income from 1970 to 2023*
(in billion U.S. dollars)
**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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CMS. (May 6, 2024). Total Medicare income from 1970 to 2023* (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/248077/medicare-spending-since-1970/
CMS. "Total Medicare income from 1970 to 2023* (in billion U.S. dollars)." Chart. May 6, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/248077/medicare-spending-since-1970/
CMS. (2024). Total Medicare income from 1970 to 2023* (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/248077/medicare-spending-since-1970/
CMS. "Total Medicare Income from 1970 to 2023* (in Billion U.S. Dollars)." Statista, Statista Inc., 6 May 2024, https://www.statista.com/statistics/248077/medicare-spending-since-1970/
CMS, Total Medicare income from 1970 to 2023* (in billion U.S. dollars) Statista, https://www.statista.com/statistics/248077/medicare-spending-since-1970/ (last visited November 18, 2024)
Total Medicare income from 1970 to 2023* (in billion U.S. dollars) [Graph], CMS, May 6, 2024. [Online]. Available: https://www.statista.com/statistics/248077/medicare-spending-since-1970/
