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Home Global Executive Dashboard Medicare Enrollment, Financing, Spending & Affordability

Medicare Enrollment, Financing, Spending & Affordability

Enrollment in Medicare is projected to increase an average of 1.5 million beneficiaries per year from 2021 to 2029.

Source: Centers for Medicare and Medicaid Services, Program Statistics, 1965–2018, and Congressional Budget Office, Medicare Baseline, March 2020.

Medicare spending is projected to nearly double between 2019 and 2029.

Source: National Health Expenditure Accounts, by type of service and source of funds, 1960–2018 and Congressional Budget Office, Medicare Baseline, March 2020.

Capitated payments to Medicare Advantage and Part D plans comprise more than two-fifths of federal spending for Medicare

Source: Congressional Budget Office, Medicare Baseline, March 2020.

Note: Benefits are net of recoveries. Total Medicare Benefits, 2020: $814 Billion

All Medicare beneficiaries are required to pay the Part B premium, in addition to any premium for their Medicare Advantage or Part D plan.

Source: 2020 Medicare Trustees Report, Supplementary Medical Insurance Cost‑Sharing and Premium Amount, 1967–2029.
Note: Not adjusted for inflation.

Federal Medicare spending per beneficiary is projected to increase nearly 60 percent from 2019 to 2029.

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