Entitlement Spending: Medicare & Medicaid Payments per Beneficiary Have Risen Faster than Social Security Payments
Owing to Rising Healthcare Costs + Expanded Coverage
Percent Change in Real* Annual Social Security / Medicare / Medicaid 1966-2009 Payments per Beneficiary From 1966 CAGR
2500%
~~ Medicaid Q, ems i ee ig, sere Kae we EE ee ee eS eee ee oe es eee eee = ee eee ee — wee a ANNs = Social Security © —— Medicare o o 100% fn £ v D < B VOO0% ac seme <r ee ee ee me ee oe eo eB se ce ee gS Ge =o = rs) x
Note: Data are inflation adjusted using White House OMB’s GDP price index (based on BEA’s data). KP Source: Social Security Administration, Dept. of Health & Human Services. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 85
0%
1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006
Entitlement Spending: Program Beneficiaries (Now 29%* of Population vs.
13%* in 1966) Have Grown Faster than Population Owing to Aging Population + Expanded Eligibility
Social Security / Medicare / Medicaid Enrollment & as % of Total Population, 1966 - 2009
160 --- mm SocialSecurity. nn 40% mam Medicare 140, 0 mm Medicaid 1 ——% of Total Population* 97) | 30%
Total Enrollment (MM) As % of Population
MOQ - -- ~~ -- = += 22 eee eee ee ee ee eee BO «ono -- eg 41 20% 60 - rE | | Ml | : 0%
1966 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006
Note: *Excludes our estimated dual / triple enrollees in Social Security / Medicare / Medicaid. Source: Social Security
K P Administration, Dept. of Health & Human Services. (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 86
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