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Last Updated: March 01, 2010
Absent policy change, the Congressional Budget Office estimates that Medicare spending will grow at an average of 7% each year from 2010 to 2018, rising to $879 billion annually and 4% of GDP. The rate of growth of Medicare spending over the long term is predicted to exceed the rate of growth in federal revenues and the overall economy.
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Thorpe, Kenneth E., Lydia L. Ogden, and Katya Galactionova. "Chronic Conditions Account for Rise in Medicare Spending From 1987 to 2006". Health Affairs. Vol. 29, No. 4, [ Permalink ] |
In 2007, almost all (93%) of non-institutionalized Americans 65 and older were covered by Medicare.
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Administration on Aging. A Profile of Older Americans: 2009. Washington, DC: U.S. Department of Health and Human Services. 2009. [ Permalink ] |
Most older Americans have at least 1 chronic condition and many have multiple conditions. Among the most frequently occurring conditions older persons in 2005-2007 were: hypertension (41%), diagnosed arthritis (49%), all types of heart disease (31%), any cancer (22%), diabetes (18%), and sinusitis (15%).
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Administration on Aging. A Profile of Older Americans: 2009. Washington, DC: U.S. Department of Health and Human Services. 2009. [ Permalink ] |
There were 92,127 Americans age 100 or more in 2008 (0.24% of the total 65 and older population). This is a 147% increase from 1990 (37,306 people).
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Administration on Aging. A Profile of Older Americans: 2009. Washington, DC: U.S. Department of Health and Human Services. 2009. [ Permalink ] |
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