Silver Book Fact

In 2007, Medicare spending grew 7.2% to $431.2 billion.

Centers for Medicare and Medicaid Services. National Health Expenditures: 2007 Highlights. U.S. Department of Health and Human Services; 2009. http://www.cms.hhs.gov/NationalHealthExpendData/downloads/highlights.pdf

Reference

Title
National Health Expenditures: 2007 Highlights
Publisher
U.S. Department of Health and Human Services
Publication Date
2009
Authors
Centers for Medicare and Medicaid Services
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Out-of-Pocket Spending on Prescription Drugs by Medicare beneficiaries, by Presence of Prescription Drug Coverage, 2003  
  • By 2015, spending on nursing home and home health care is expected to double from 2004 to $320.5 billion.  
  • Providing health care for an older American costs 3 to 5 times more than for an individual under age 65. As the population ages, the nation’s health care spending is…  
  • Nursing home spending reached $138.4 billion in 2008.  
  • In 2006, 42% of Americans age 75 years and over living in the community reported having a limitation in their usual activity due to a chronic condition, compared with 13%…