Notes: Medicare spending equals payments for benefits, net of recoveries from providers for improper payments, adjusted for shifts in the timing of capitated payments. Years are federal fiscal years, which run from October through September.
Data Source: RAND/Kaiser Family Foundation analysis of Congressional Budget Office, actual Medicare benefit payments, various years. Medicare Trustees historical enrollment (through 2013) and projected for 2014 from the 2014 Medicare Trustees report (enrollees in the Hospital Insurance program).
Source: Kaiser Family Foundation: How Much of the Medicare Spending Slowdown Can be Explained? Insights and Analysis from 2014