Silver Book Fact

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Health Care Costs: 1965-2004

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • By 2020, 81 million people will have 2 or more chronic conditions.  
  • In 2007, Medicare spending grew 7.2% to $431.2 billion.  
  • Older Americans spent 12.4% of their total expenditures on health, more than twice the proportion spent by all consumers (5.7%).  
  • More than 1/2 of family caregivers were providing help to spouses or parents with 3 or more activities of daily living (ADL) disabilities in 1999, up about 5% from 1994.  
  • The annual out-of-pocket medical costs for chronic disease rose from and average of $427 per American in 1996 to $741 in 2005.