Silver Book Fact

In 2003, Medicare beneficiaries with excellent health spent $2,845 (16% of their income) on health care.

Caplan, Craig, and Normandy Brangan. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; September 2004. http://www.aarp.org/research/medicare/outofpocket/aresearch-import-912-DD101.html

Reference

Title
Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
Publication
Data Digest: AARP Public Policy Institute
Publisher
AARP
Publication Date
September 2004
Authors
Caplan, Craig, and Normandy Brangan
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The annual rate for a private nursing home room in 2010 was $75,190, compared to $60,225 in 2005 (a growth of $14,965).  
  • In 2005, Medicare spending reached $342.0 billion which was a 9.3% increase. Medicare spending increased 10.3% in 2004.  
  • The annual out-of-pocket medical costs for chronic disease rose from and average of $427 per American in 1996 to $741 in 2005.  
  • People with Chronic Conditions are the Heaviest Users of Health Care Services  
  • The average annual rate for home health aides is $25.32. This includes licensed and Medicare-certified home care providers, non-certified but licensed home care providers, and non-certified and non-licensed home care…