Silver Book Fact

In 2004, Americans aged 65 and older with five or more chronic conditions incurred $3,862 on average, while those with no chronic conditions incurred prescription drug costs at an average of $800 per person.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2010: Key Indicators of Well-Being. Washington, DC: US Government Priting Office; 2010. http://www.agingstats.gov/agingstatsdotnet/main_site/default.aspx

Reference

Title
Older Americans 2010: Key Indicators of Well-Being
Publisher
US Government Priting Office
Publication Date
2010
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Medicaid spending grew 6.4% in 2007 to $329.4 billion.  
  • The national median rate for an assisted living facility (one bedroom/single occupancy with non-constant “hands-on” personal and medical care) in 2010 was $3,185/month.  
  • Individuals with Chronic Illnesses and Activity Limitations Have More Home Health Care Visits  
  • In 2004, hospital spending, which is 30% of national heath expenditures, increased by 8.6%.  
  • Total U.S. health expenditures reached $2.1 trillion in 2006, which translates to $7,026 per person or 16% of the nation’s GDP.