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

  • The percentage of noninstitutionalized adults 65 years of age and over with limitation of activity decreased from 39% to 36% between 1997 and 1999 and then remained at 34-35% between…  
  • Eliminating hypertension in all elderly persons would result in 75 million additional disability-adjusted life years (DALYs) and reduce Medicare spending by around $890 billion.  
  • Medicines in Development for Older Americans, 2008  
  • During the twentieth century, cumulative gains in life expectancy, for both men and women, were worth over $1.2 million per person.  
  • Each new drug approved between 1970 and 1991 saves an average of 11,200 life-years in 1991.