Table 33. Medicare and Medicaid expenditures as a percent of total national health expenditures: Selected calendar years, 1940-84.
| Year | National health expenditures in billions | Percent of gross national product | Medicare and Medicaid | |||
|---|---|---|---|---|---|---|
|
| ||||||
| Total in billions | Medicare in billions | Medicaid in billions | Percent of national health expenditures | |||
| 1940 | $4.0 | 4.0 | – | – | – | – |
| 1950 | 12.7 | 4.4 | – | – | – | – |
| 1960 | 26.9 | 5.3 | – | – | – | – |
| 1965 | 41.7 | 6.0 | – | – | – | – |
| 1967 | 51.1 | 6.4 | $7.7 | $4.7 | $3.0 | 15.0 |
| 1970 | 74.7 | 7.5 | 13.0 | 7.5 | 5.5 | 17.4 |
| 1975 | 132.7 | 8.6 | 30.4 | 16.3 | 14.1 | 22.9 |
| 1980 | 249.0 | 9.5 | 63.6 | 36.8 | 26.8 | 25.5 |
| 1981 | 286.6 | 9.8 | 75.4 | 44.8 | 30.6 | 26.3 |
| 1982 | 322.4 | 10.5 | 86.2 | 52.2 | 34.0 | 26.8 |
| 1983 | 355.1 | 10.8 | 94.6 | 59.0 | 35.6 | 26.6 |
| 1984 | 387.4 | 10.6 | 103.3 | 64.6 | 38.7 | 26.7 |
| ACRG1 | 12.6 | – | 16.5 | 16.7 | 16.2 | – |
1
Annual compound rate of growth 1967-84.
Note: Medicare and Medicaid expenditures include administrative expenses.
Source: Health Care Financing Administration, Office of the Actuary: Data from the Division of National Cost Estimates.