Out of Pocket Expenses for Medicare Beneficiaries

OOP Expenses for 56 Million People

By http://www.MCOL.com

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2 Responses

  1. Medicare Expenditures For 2014-2019 Will Be $4.3 Trillion

    The Robert Wood Johnson Foundation recently released a report on health care spending growth trends. Here are some key findings:

    • National health expenditures (NHE) grew 3.6% per year between 2009 and 2013.
    • NHE grew 4.3% annually from 2010 to 2015.
    • Medicare expenditures for 2014 to 2019 are projected to be $4.3 trillion.
    • Private insurance expenditures for 2014-2019 are projected to be $7 trillion.
    • NHE per capita is projected to increase 4.6% per year from 2014-2019.
    • Medicaid enrollment is expected to increase by 2.7%.

    Source: Robert Wood Johnson Foundation, May 2017

    Like

  2. Medicare Accounted For 15% of Total Federal Spending in 2016

    Kaiser Family Foundation recently released an analysis Medicaid spending. Here are some key findings from the report:

    • Medicare accounted for 15% of total federal spending in 2016.
    • Medicare spending is projected to rise to 17.5% by 2027.
    • The Medicare Hospital Insurance trust fund will be depleted in 2029.
    • The Independent Payment Advisory Board process will be triggered in 2021.
    • Annual growth in Medicare per capita spending was 1.3% between 2010 and 2016.
    • Per capita spending is projected to grow 4.5% annually over the next 10 years.

    Source: Kaiser Family Foundation, July 18, 2017

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