Medicare: Difference between revisions
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'''Medicare''' is a U.S. government program created to provide health insurance to Americans over the age of 65. | '''Medicare''' is a U.S. government program created to provide health insurance to Americans over the age of 65. It is financed by Hospital Insurancee payroll taxes as well as general revenue and deficit spending | ||
==Cost== | ==Cost== | ||
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Revision as of 23:06, 29 December 2010
Medicare is a U.S. government program created to provide health insurance to Americans over the age of 65. It is financed by Hospital Insurancee payroll taxes as well as general revenue and deficit spending
Cost
| Real Cost (2009$) | Per Capita | % of GDP | |
|---|---|---|---|
| 1966 | $0.7 billion | $3 | .01% |
| 1967 | $17.3 billion | $87 | .32% |
| 1968 | $28.4 billion | $141 | .51% |
| 1969 | $33.3 billion | $164 | .58% |
| 1970 | $34.2 billion | $167 | .60% |
| 1971 | $35.0 billion | $168 | .59% |
| 1972 | $38.4 billion | $183 | .61% |
| 1973 | $39.1 billion | $184 | .59% |
| 1974 | $41.8 billion | $195 | .64% |
| 1975 | $51.4 billion | $238 | .79% |
| 1976 | $59.5 billion | $273 | .87% |
| 1977 | $68.3 billion | $310 | .95% |
| 1978 | $75.0 billion | $337 | .99% |
| 1979 | $78.3 billion | $348 | 1.03% |
| 1980 | $83.6 billion | $367 | 1.15% |
| 1981 | $92.3 billion | $401 | 1.25% |
| 1982 | $103.6 billion | $446 | 1.43% |
| 1983 | $113.3 billion | $484 | 1.49% |
| 1984 | $118.7 billion | $502 | 1.46% |
| 1985 | $131.2 billion | $550 | 1.56% |
| 1986 | $137.4 billion | $571 | 1.57% |
| 1987 | $141.8 billion | $584 | 1.59% |
| 1988 | $143.1 billion | $584 | 1.55% |
| 1989 | $147.1 billion | $594 | 1.55% |
| 1990 | $161.0 billion | $644 | 1.69% |
| 1991 | $164.6 billion | $649 | 1.74% |
| 1992 | $182.0 billion | $708 | 1.88% |
| 1993 | $193.9 billion | $745 | 1.96% |
| 1994 | $209.5 billion | $795 | 2.04% |
| 1995 | $225.1 billion | $844 | 2.16% |
| 1996 | $238.2 billion | $883 | 2.22% |
| 1997 | $254.0 billion | $930 | 2.28% |
| 1998 | $253.8 billion | $918 | 2.19% |
| 1999 | $245.2 billion | $878 | 2.04% |
| 2000 | $245.6 billion | $870 | 1.98% |
| 2001 | $263.4 billion | $923 | 2.11% |
| 2002 | $275.4 billion | $956 | 2.17% |
| 2003 | $290.8 billion | $1,000 | 2.24% |
| 2004 | $306.0 billion | $1,043 | 2.27% |
| 2005 | $328.0 billion | $1,108 | 2.36% |
| 2006 | $351.1 billion | $1,175 | 2.46% |
| 2007 | $388.4 billion | $1,287 | 2.67% |
| 2008 | $390.8 billion | $1,279 | 2.71% |
| 2009 | $430.1 billion | $1,399 | 3.02% |