Medicare spending per person grew by an average of 4.6 percent annually between 2000 and 2022, according to a June 6 analysis from KFF.
KFF analyzed data from the 2023 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds.
KFF said the "influx of the Baby Boomer Generation added many relatively younger, healthier people to the Medicare beginning in 2011," while the share of adults aged 80 and older enrolled in the program also continues to grow. Growth in healthcare spending is attributed to this increased volume and use of services, along with the availability of new technologies and rising prices.
Here is the amount Medicare spent per beneficiary each year since 2000:
2000: $5,800
2001: $6,370
2002: $6,788
2003: $7,144
2004: $7,722
2005: $8,278
2006: $10,179
2007: $10,702
2008: $11,232
2009: $11,696
2010: $11,902
2011: $12,166
2012: $12,204
2013: $12,199
2014: $12,433
2015: $12,733
2016: $12,924
2017: $13,135
2018: $13,579
2019: $14,189
2020: $14,373
2021: $15,139
2022: $15,727