Here are 21 statistics on Medicare spending in 2001 and 2011, according to the Medicare Payment Advisory Commission.
In 2001:
Total Medicare spending:
• $251 billion
Medicare spending distribution:
• Inpatient hospital: 38 percent
• Physician fee schedule: 17 percent
• Managed care: 15 percent
• Other: 12 percent
• Skilled nursing facilities: 5 percent
• Other hospital: 5 percent
• Home health: 3 percent
• Durable medical equipment: 2 percent
• Hospice: 1 percent
In 2011:
Total Medicare spending:
• $549 billion
Medicare spending distribution:
• Inpatient hospital: 24 percent
• Managed care: 23 percent
• Physician fee schedule: 12 percent
• Prescription drugs provided under Part D: 12 percent
• Other: 9 percent
• Skilled nursing facilities: 6 percent
• Other hospital: 6 percent
• Home health: 4 percent
• Hospice: 3 percent
• Durable medical equipment: 1 percent
More Articles on Transactions and Valuation Issues:
8 Statistics on Medicare Payments to ASCs From 2004 to 2011
4 Ways to Avoid Common Surgery Center Financial Mistakes
6 Tips for Building a Surgery Center the Smart Way