Silver Book Fact

Health care spending accounts for 16% of the GDP, with total spending estimated to reach $2.2 trillion in 2006.

Zuvekas S, Cohen J. Prescription Drugs and the Changing Concentration of Health Care Expenditures. Health Aff. 2007; 26(1): 249-57. https://www.healthaffairs.org/doi/full/10.1377/hlthaff.26.1.249

Reference

Title
Prescription Drugs and the Changing Concentration of Health Care Expenditures
Publication
Health Aff
Publisher
Project HOPE
Publication Date
2007
Authors
Zuvekas S, Cohen J
Volume & Issue
Volume 26, Issue 1
Pages
249-57
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Between 2008 and 2018, average annual growth in health spending is projected to be 6.2%. This is 2.1% higher than the annual GDP growth.  
  • In 2002, 61% of all deaths of those age 65 and older were caused by heart disease (32%), cancer (22%), and stroke (8%).  
  • Growth in hospital spending is expected to increase from 7% (2006) to 7.5% in 2007–partially because of higher Medicaid payment rates.  
  • Non-institutionalized Medicare beneficiaries age 65 and older spent an average of $3,455 (22% of their income) on healthcare in 2003.  
  • Growth in public spending on personal health care, which is projected to be 8% in 2005, is expected to continue to outpace growth in private spending.