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The Facts About Medicare Spending

(Source – The Kaiser Family Foundation Published June 2023)

Medicare provides health insurance coverage for more than 65 million people, nearly 20% of the U.S population – a share which will grow larger in the coming decades. In 2021, Medicare spending comprised 13% of the federal budget and 21% of national health care spending. Given Medicare’s essential role as a source of coverage for an aging population and the importance of sustaining the program for future generations, Medicare is often part of discussions about total federal government spending, health care spending in the U.S., and the affordability of health care costs. Continue reading here…

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