There are two categories to consider: the U.S. spends an average of $12,000 per person, per year on those under Medicare A & B with a Medigap plan. This amount is less than the payout for Medicare Advantage customers in 2023.
In 2023, the U.S. spent a total of $839 billion, and is projected to increase to over 1.6 trillion by 2023.
The latest information we have comes from 2023. It states that the United States spent $4.9 trillion on healthcare, which translates to $14,570 per person. This amount represents a significant portion of the nation's Gross Domestic Product (GDP), accounting for 17.6%
I was surprised to find out that each person in the u.s. accrued about $14,500 per year in Healthcare costs or appx $4.9 trillion across the whole USA.
The US spends approximately 12,000+ dollars per year for each person on Medicare as of 2023. A total of approximately 4.8 trillion overall for everyone in the US. This was approximately a 7.5% increase from the previous year (2022).
About$4.9 trillion was spent on healthcare in the U.S. so, that's about $14,570 spent on healthcare per person in the USA, according to the 2023 CMS Healthcare Expenditure Report.
Yeah, it’s crazy—last year we spent around $4.9 trillion on healthcare in the U.S. That’s about $14,570 for every person. And even with all that money being thrown around, folks are still having a hard time getting the care they need. Just doesn’t add up, does it?
That's not a question for an Agent. That's a question for your Congressman. Agents are responsible for finding you a plan that best fits your needs. We also help you find the right insurance company that best fits your needs. We help you find the right Medicare or Medicaid plan that best fits you and or your family's needs. We leave the question you asked to the "numbers people."