💰 Financial Record

payment

Transaction Details

Amount
USD $1,800,000,000.0
Payer (From)
Payee (To)
Transaction Date
January 01, 1966
Description

Total spending in the first year of Medicare ($1.8bn)

Additional Details
Date string: 1966
Amount string: 1800000000
Source document: HOUSE_OVERSIGHT_020901.jpg

📄 Source Document

HOUSE_OVERSIGHT_020901.jpg
ESTATE Collection
View Document
Document Summary

This document consists of two presentation slides (pages 119 and 120) from a KPCB 'USA Inc.' report. The first slide analyzes historical Medicare spending, noting that actual 1990 costs ($110B) were significantly higher than the 1967 estimates ($12B). The second slide contrasts this with Medicare Part D (2006-2009), which cost 45% less than projected ($61B vs $111B) due to lower participation and private sector management. The document bears a 'HOUSE_OVERSIGHT_020901' Bates stamp, indicating it was part of a document production for a congressional investigation.

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