Silver Book Fact

Fact image

Benefit of Increased Health Care Spending: Disability rates declining for seniors, 1982-1999

Reference

Title
Patient Impact of Medicines
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • Increased longevity added about $3.2 trillion per year to national wealth between 1970 and 2000, an uncounted value equal to approximately 1/2 of the average annual GDP during that period.  
  • Avoidable Treatment Costs and Output Losses, 2023  
  • 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;…  
  • New medicines, or “new chemical entities” accounted for 40% (0.8 years) of the two-year gain in life expectancy seen in 52 countries from 1986-2000.  
  • Percent Growth in Number of People Reporting Chronic Diseases, 2003-2023: Current Path versus Alternative Path