Silver Book Fact

According to the Pharmaceutical Research and Manufacturers of America, medical research could result in $149 billion in savings for government programs by 2025.

Innovation.org. http://www.innovation.org

Reference

Title
Innovation.org
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Future Value

Related Facts

  • Medicines in Development for Older Americans  
  • According to the Pharmaceutical Research and Manufacturers of America, medical research could result in $149 billion in savings for government programs by 2025.  
  • The average length of stay for older Americans has decreased by 6 days since 1980.  
  • Improvements in preventing and managing chronic disease could reduce future economic costs in the United States by 27% ($1.1 trillion) in 2023. $905 billion would come from gains in productivity;…  
  • Analysis of Medicare data on quality and costs of care for acute myocardial infarction (AMI), hip fracture, and colorectal cancer (with resection) reveals substantial variations in one-year, risk-adjusted mortality rates…