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In 2012, Medicare spent an average of $9,702 per beneficiary, so the $104.90/month ($1,259/yr) Part D premium that most people pay accounts for 13% of the costs.

I was only looking at Part A (HI), since that's the only part payroll taxes pay for -- $208B of the $267B total. Premiums only pay $3B of that. I was recalling numbers from something earlier than 2012.

HI and SMI have separate funding.

For Parts A/B/D, premiums pay a whopping 12%.

But the trustees report I'm looking at says $12,103 per beneficiary for 2012:

Page 16, "Table II.B1.—Medicare Data for Calendar Year 2012".

Maybe the difference is the article you cited stated 2012 number BEFORE the end of the 2012 calendar year.
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