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Medicare spending
Medicare spending is $1.09T and has been falling over the last 3 months. That is near the top of its range: higher than 99% of readings since 2016.
Latest (latest reading)
$1.09T
As of
Oct 2026
3-month change
−$36B
1-year change
+$22B
20-year percentile
99th
20-year median
$704B
What it is. Health coverage for people 65+, last 12 months. Note: the latest update failed, so this shows the last good data.
What it affects next
Medicare spending is falling: $1.09T (−$36B in 3 months, 99th percentile of the last 20 years). Here is what has tended to follow, based on links the data backs up.
No tested downstream links to trace yet.
What is driving it
None of its tested drivers is moving much right now.
Source: Treasury Monthly Treasury Statement.