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Medicare posts $11.2B operating profit for 2024

By ThinkAdvisor.com  
   June 24, 2025

Strong payroll tax revenue gains and federal government contribution increases helped Medicare turn in strong results for 2024. The federal health insurance program is reporting $11.2 billion in "net change in assets," or operating profits, on $1.1 trillion in revenue, up from an operating loss of $12.4 billion on $1 trillion in revenue for 2023. The program ended the year covering 67.6 million people, up 1.3% from the number it was covering a year earlier. 

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