Medicare. After we take out the $369.8 billion of personal expenditures detailed above, we are left with $297.9 billion in unallocated healthcare spending. $109.5 billion of that amount was spent on Medicare. Thatâs an additional $3,532 per person over the age of 65. That leaves us with $188.4 billion in unallocated healthcare spending. $78.7 billion of that amount was spent primarily on Medicaid. I was unable to find a breakdown of Medicaid spending in 1990 so weâll just have to use 2006 allocations.
interest definition: Interest is defined as the amount of money paid for the use of someone else's money. (noun) An example of interest is the $20 that was earned this year on your savings account. An example of interest is the $2000 you paid in inte...
Interest is income that is generated from the loan of money. When you take out a mortgage or car loan, you expect to pay back more than you borrowed. That extra amount is interest, and it is the cost you incur for using someone else's money for a period. You might not think of your savings account as a loan, but it is.