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Medicare Spending $1.3 Trillion in 2015

Created on July 29, 2016

Medicare Spending $1.3 Trillion in 2015

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Read the original report, "Medicare’s Next 50 Years: Preserving the Program for Future Retirees," by Robert E. Moffit.

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Medicare spending is projected to increase from $648 billion in 2015 to nearly $1.3 trillion over the next nine years.

Source: Centers for Medicare and Medicaid Services, “2016 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds,” Table III.B4, p. 56, Table III.C4, p.88, Table III.D3, p. 107, and Table V.B1, p. 180, June 22, 2016, https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/ReportsTrustFunds/Downloads/TR2016.pdf (accessed July 20, 2016).

CHART 3 • SR 185

Tags: Medicare, retiree, health-care, deficit