Medicare spending
US national health expenditure paid by Medicare, the federal program for people aged 65 and over and some younger people with disabilities, including its administration, in USD million. Medicare began in 1966.
Part of national health expenditure (national_health_expenditure_usd), at current prices. CMS revises earlier years with each annual release.
Key facts
- Medicare spending in the United States was $1.12 trillion in 2024, according to the Centers for Medicare & Medicaid Services, Office of the Actuary.
- Published for 1 places, with figures from 1966 to 2024.
Places with data
Countries
Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
Which places have the highest medicare spending? Use official data and cite it.
rank_places {"indicator":"health_expenditure_medicare_usd","level":"country"}
GET https://invokely.ai/api/v1/rank?indicator=health_expenditure_medicare_usd&level=country