Silver Book Fact

“Medicare spending has grown about nine-fold in the past two decades, from $37 billion in 1980 to $336 billion in 2005.”

Centers for Disease Control and Prevention, Merk Institute of Aging and Health. The State of Aging and Health in America 2007. Washington, D.C.: Merk Institute of Aging and Health; 2007. http://www.cdc.gov/aging/pdf/saha_2007.pdf

Reference

Title
The State of Aging and Health in America 2007
Publisher
Merk Institute of Aging and Health
Publication Date
2007
Authors
Centers for Disease Control and Prevention, Merk Institute of Aging and Health
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Medicare income in 2006 was $437 billion, and expenditures were $408 billion.  
  • National Health Expenditures and Their Share of Gross Domestic Product, 1960-2006  
  • The national average annual cost for a semi-private room (double occupancy) in a Medicare certified nursing home is $62,532 ($171.32/day). This is a 2.3% increase over 2005 rates.  
  • Percentage of noninstitutionalized Medicare enrollees age 65 and over who have limitations in instrumental activities of daily living (IADLs) and who receive personal assistance, by age group, selected years 1992-2007  
  • Out-of-pocket costs to family caregivers
    Being a family caregiver costs $5,531 in out-of-pocket direct costs each year.