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 the cost of using somebody elseâs money. When you borrow money, you pay interest. When you lend money, you earn interest. Interest is calculated as a percentage of a loan (or deposit) balance, paid to the lender periodically for the privilege of using their money. A question might help you get a handle on how interest works: what does it take to borrow money? The answer: more money.