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In May 2022, The Boards of Trustees, Federal Hospital Insurance, and Federal Supplementary Medical Insurance Trust Funds released an annual report on Medicare coverage in 2021. In 2021, Medicare covered 63.8 million people: 55.5 million aged 65 and older, and 8.3 million disabled. About 43 percent of these beneficiaries have chosen to enroll in Part C private health plans that contract with Medicare to provide Part A and Part B health services. Total expenditures in 2021 were $839.3 billion, and total income was $887.6 billion, which consisted of $882.3 billion in non-interest income . . .

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