Medicare

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%