Silver Book Fact

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; $218 billion from reduced treatment spending.

Milken Institute. The Economic Burden of Chronic Disease on the United States; http://www.chronicdiseaseimpact.com/state_sheet/USA.pdf

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • For each $1 spent on newer pharmaceuticals. $6.17 is saved in total health care spending. $4.44 of this savings is in hospital spending alone.  
  • Using Newer Medicines Results in Savings of $111 per Treated Condition  
  • Medicines in Development for Older Americans, 2008  
  • Avoidable Treatment Costs and Output Losses, 2023  
  • Changes in behavior, preventative measures and innovation could save $1.6 trillion in treatment costs.