Floyd County: Medicare transfers accounted for 6.1% of income in 2022

Floyd County: Medicare transfers accounted for 6.1% of income in 2022

In 2022, Medicare transfers in Floyd County totaled $55.06 million, amounting to $3,590 per capita, or 27.1% of total government transfers, according to information from the Economic Innovation Group.Among all government transfer programs, Medicare was the second largest contributor in the county. Social Security was the largest contributor, totaling $73.76 million, equating to $4,809 per capita and making up 36.3% of total transfers.Comparative…