Silver Book Fact

Medicare income in 2006 was $437 billion, and expenditures were $408 billion.

Boards of Trustees. 2007 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds; 2007:2. http://www.cms.hhs.gov/ReportsTrustFunds/downloads/tr2007.pdf

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Two-thirds of people over the age of 65 will need long-term care in their lifetimes.  
  • The health share of the GDP is expected to increase to 16.3% in 2007.  
  • Total U.S. health expenditures reached $2.1 trillion in 2006, which translates to $7,026 per person or 16% of the nation’s GDP.  
  • Spending on physician and clinical services reached $496.2 billion in 2008.  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.