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.

2024, USD million1,118,000
Change on 2023+7.8%
Series high1,118,0002024
Series low1,8421966

Next release: Wednesday, 13 January 2027, estimated by Invokely from past publication dates (low confidence), not announced by the publisher. Release calendar

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Medicare spending in United States, 1966 to 2024

0250K500K750K1M1.25M19661975198419932002201120241966: 1,842 USD million1967: 4,924 USD million1968: 6,218 USD million1969: 7,045 USD million1970: 7,672 USD million1971: 8,443 USD million1972: 9,325 USD million1973: 10,730 USD million1974: 13,428 USD million1975: 16,336 USD million1976: 19,694 USD million1977: 22,891 USD million1978: 26,668 USD million1979: 30,922 USD million1980: 37,387 USD million1981: 44,769 USD million1982: 52,351 USD million1983: 59,559 USD million1984: 66,207 USD million1985: 71,829 USD million1986: 76,829 USD million1987: 83,081 USD million1988: 88,965 USD million1989: 101,137 USD million1990: 110,182 USD million1991: 120,469 USD million1992: 135,905 USD million1993: 149,965 USD million1994: 167,670 USD million1995: 184,393 USD million1996: 198,750 USD million1997: 210,376 USD million1998: 209,420 USD million1999: 213,173 USD million2000: 224,829 USD million2001: 247,686 USD million2002: 265,381 USD million2003: 282,668 USD million2004: 311,122 USD million2005: 339,762 USD million2006: 403,692 USD million2007: 432,749 USD million2008: 466,969 USD million2009: 498,627 USD million2010: 519,534 USD million2011: 544,564 USD million2012: 568,309 USD million2013: 588,855 USD million2014: 617,326 USD million2015: 647,728 USD million2016: 675,730 USD million2017: 704,948 USD million2018: 751,592 USD million2019: 805,227 USD million2020: 833,827 USD million2021: 894,587 USD million2022: 951,731 USD million2023: 1,037,275 USD million2024: 1,118,000 USD million0500K1M1.5M19661986200620241966: 1,842 USD million1967: 4,924 USD million1968: 6,218 USD million1969: 7,045 USD million1970: 7,672 USD million1971: 8,443 USD million1972: 9,325 USD million1973: 10,730 USD million1974: 13,428 USD million1975: 16,336 USD million1976: 19,694 USD million1977: 22,891 USD million1978: 26,668 USD million1979: 30,922 USD million1980: 37,387 USD million1981: 44,769 USD million1982: 52,351 USD million1983: 59,559 USD million1984: 66,207 USD million1985: 71,829 USD million1986: 76,829 USD million1987: 83,081 USD million1988: 88,965 USD million1989: 101,137 USD million1990: 110,182 USD million1991: 120,469 USD million1992: 135,905 USD million1993: 149,965 USD million1994: 167,670 USD million1995: 184,393 USD million1996: 198,750 USD million1997: 210,376 USD million1998: 209,420 USD million1999: 213,173 USD million2000: 224,829 USD million2001: 247,686 USD million2002: 265,381 USD million2003: 282,668 USD million2004: 311,122 USD million2005: 339,762 USD million2006: 403,692 USD million2007: 432,749 USD million2008: 466,969 USD million2009: 498,627 USD million2010: 519,534 USD million2011: 544,564 USD million2012: 568,309 USD million2013: 588,855 USD million2014: 617,326 USD million2015: 647,728 USD million2016: 675,730 USD million2017: 704,948 USD million2018: 751,592 USD million2019: 805,227 USD million2020: 833,827 USD million2021: 894,587 USD million2022: 951,731 USD million2023: 1,037,275 USD million2024: 1,118,000 USD million
USD million. Source: CMS, 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 2026-10-18, published 2026-01-13.
All 59 values
PeriodUSD million
20241,118,000
20231,037,275
2022951,731
2021894,587
2020833,827
2019805,227
2018751,592
2017704,948
2016675,730
2015647,728
2014617,326
2013588,855
2012568,309
2011544,564
2010519,534
2009498,627
2008466,969
2007432,749
2006403,692
2005339,762
2004311,122
2003282,668
2002265,381
2001247,686
2000224,829
1999213,173
1998209,420
1997210,376
1996198,750
1995184,393
1994167,670
1993149,965
1992135,905
1991120,469
1990110,182
1989101,137
198888,965
198783,081
198676,829
198571,829
198466,207
198359,559
198252,351
198144,769
198037,387
197930,922
197826,668
197722,891
197619,694
197516,336
197413,428
197310,730
19729,325
19718,443
19707,672
19697,045
19686,218
19674,924
19661,842

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.

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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

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

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  - 
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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.

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