In 2016, Medicare cost a total of $588 billion, covering over 55 million people.
That's a cost of $10,700 per person per year, just for the costs not paid by the patient. Stop and think about that a minute. In 2016, Medicare cost a total of $588 billion, covering over 55 million people.
That's a cost of $10,700 per person per year, just for the costs not paid by the patient. Stop and think about that a minute.medical costs are very high in the US, and these are the patients who need the most care and the most treatments. I would expect the cost for medicare (a program that is legally disallowed from negotiating prices with their suppliers, and which covers only people aged 65 or over) to be quite high, and actually im surprised its that low.