# 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.

## 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.
- Figures last updated on 2026-10-18.

- Indicator id: `health_expenditure_medicare_usd`
- Unit: USD million
- Note: Part of national health expenditure (national_health_expenditure_usd), at current prices. CMS revises earlier years with each annual release.
- Web page: https://invokely.ai/en/medicare-spending
- API: https://invokely.ai/api/v1/indicators/health_expenditure_medicare_usd

## Latest figures

| Place | Period | USD million | Source |
|---|---|---:|---|
| United States | 2024 | 1,118,000 | Centers for Medicare & Medicaid Services, Office of the Actuary, National Health Statistics Group. CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960. https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical. Retrieved 2026-10-18. |