KFF July 7, 2024
Medicare, the federal health insurance program for people ages 65 and over and younger people with long-term disabilities, plays a major role in the U.S. health care system.
Medicare provides health insurance coverage for 67 million people, 20% of the U.S population – a share which will grow larger in the coming decades. In 2022, Medicare spending comprised 12% of the federal budget and 21% of national health care spending. Given Medicare’s essential role as a source of coverage for an aging population and the importance of sustaining the program for future generations, Medicare is often part of discussions about total federal government spending, health care spending in the U.S., and the affordability of health care costs.
This interactive...
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