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. It is financed by Hospital Insurancee payroll taxes as well as general revenue and deficit spending | '''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== | ||
Latest revision as of 12:45, 24 February 2011
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% |