Silver Book Fact

In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2008: Key Indicators of Well-Being. Washington, D.C.: U.S. Government Printing Office; 2008. http://agingstats.gov/agingstatsdotnet/Main_Site/Data/2008_Documents/OA_2008.pdf

Reference

Title
Older Americans 2008: Key Indicators of Well-Being
Publisher
U.S. Government Printing Office
Publication Date
2008
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • 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.  
  • Economic Impact of Chronic Disease, 2003  
  • Hospital spending is projected to reach $746.5 billion in 2008.  
  • 11% of caregiving spouses were age 85 or older, up from 8.6% in 1994.  
  • 5 chronic diseases–heart disease, cancer, stroke, chronic obstructive pulmonary disease (COPD), and diabetes–account for more than 2/3 of all deaths.