Medicare spending in United States
Medicare spending in the United States was $1.12 trillion in 2024, according to the Centers for Medicare & Medicaid Services, Office of the Actuary. That is up 7.8% from 2023.
Medicare spending in United States, 1966 to 2024
All 59 values
| Period | USD million |
|---|---|
| 2024 | 1,118,000 |
| 2023 | 1,037,275 |
| 2022 | 951,731 |
| 2021 | 894,587 |
| 2020 | 833,827 |
| 2019 | 805,227 |
| 2018 | 751,592 |
| 2017 | 704,948 |
| 2016 | 675,730 |
| 2015 | 647,728 |
| 2014 | 617,326 |
| 2013 | 588,855 |
| 2012 | 568,309 |
| 2011 | 544,564 |
| 2010 | 519,534 |
| 2009 | 498,627 |
| 2008 | 466,969 |
| 2007 | 432,749 |
| 2006 | 403,692 |
| 2005 | 339,762 |
| 2004 | 311,122 |
| 2003 | 282,668 |
| 2002 | 265,381 |
| 2001 | 247,686 |
| 2000 | 224,829 |
| 1999 | 213,173 |
| 1998 | 209,420 |
| 1997 | 210,376 |
| 1996 | 198,750 |
| 1995 | 184,393 |
| 1994 | 167,670 |
| 1993 | 149,965 |
| 1992 | 135,905 |
| 1991 | 120,469 |
| 1990 | 110,182 |
| 1989 | 101,137 |
| 1988 | 88,965 |
| 1987 | 83,081 |
| 1986 | 76,829 |
| 1985 | 71,829 |
| 1984 | 66,207 |
| 1983 | 59,559 |
| 1982 | 52,351 |
| 1981 | 44,769 |
| 1980 | 37,387 |
| 1979 | 30,922 |
| 1978 | 26,668 |
| 1977 | 22,891 |
| 1976 | 19,694 |
| 1975 | 16,336 |
| 1974 | 13,428 |
| 1973 | 10,730 |
| 1972 | 9,325 |
| 1971 | 8,443 |
| 1970 | 7,672 |
| 1969 | 7,045 |
| 1968 | 6,218 |
| 1967 | 4,924 |
| 1966 | 1,842 |
Definition
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.
How to cite
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.
Citation styles
APA 7
Centers for Medicare & Medicaid Services, Office of the Actuary. (2026). CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960 (Medicare spending, United States, 1966 to 2024) [Data set]. Retrieved October 18, 2026, from https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical
MLA 9
CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960, Medicare spending, United States, 1966 to 2024. Centers for Medicare & Medicaid Services, Office of the Actuary, 13 Jan. 2026, https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical. Invokely, https://invokely.ai/en/medicare-spending/united-states. Accessed 18 Oct. 2026.
Chicago (author-date)
Centers for Medicare & Medicaid Services, Office of the Actuary. 2026. CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960. Medicare spending, United States, 1966 to 2024. Dataset. Accessed October 18, 2026. https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical. Also distributed by Invokely, https://invokely.ai/en/medicare-spending/united-states.
Harvard
Centers for Medicare & Medicaid Services, Office of the Actuary (2026) CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960, Medicare spending, United States, 1966 to 2024 [Dataset]. Available at: https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical, via Invokely: https://invokely.ai/en/medicare-spending/united-states (Accessed: 18 October 2026).
BibTeX
@misc{centers_medicare_spending_united_states_2024,
author = {{Centers for Medicare \& Medicaid Services, Office of the Actuary}},
title = {{CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960: Medicare spending, United States, 1966 to 2024}},
year = {2026},
howpublished = {Data set},
url = {https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical},
urldate = {2026-10-18},
note = {Accessed via Invokely, https://invokely.ai/en/medicare-spending/united-states. Publisher attribution: 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.},
}
RIS
TY - DATA
AU - Centers for Medicare & Medicaid Services, Office of the Actuary
TI - CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960: Medicare spending, United States, 1966 to 2024
PY - 2026
DA - 2026/01/13
PB - Centers for Medicare & Medicaid Services, Office of the Actuary
DB - Invokely
UR - https://www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical
L2 - https://invokely.ai/en/medicare-spending/united-states
Y2 - 2026/10/18
N1 - Accessed via Invokely, https://invokely.ai/en/medicare-spending/united-states.
N1 - Publisher attribution: 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.
ER -
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:
What is the latest medicare spending in United States? Cite the source.
get_value {"indicator":"health_expenditure_medicare_usd","place":"us"}
GET https://invokely.ai/api/v1/value?indicator=health_expenditure_medicare_usd&place=us
Questions
What is the medicare spending in United States?
Medicare spending in the United States was $1.12 trillion in 2024, according to the Centers for Medicare & Medicaid Services, Office of the Actuary. That is up 7.8% from 2023.
Where does this figure come from?
Centers for Medicare & Medicaid Services, Office of the Actuary. CMS National Health Expenditure Accounts, type of service and source of funds: total national health expenditures paid by Medicare, millions, calendar years from 1960. Retrieved by Invokely on 2026-10-18.
What was the highest medicare spending in United States?
$1.12 trillion in 2024, the highest value since 1966 in this series.