Silver Book Fact

Medicare spending is projected to almost triple from 3% of the U.S. GDP in 2006 to 8.8% by 2030.

The Rise in Spending Among Medicare Beneficiaries: The role of chronic disease prevalence and changes in treatment intensity. Health Aff Web site. http://content.healthaffairs.org/cgi/content/abstract/hlthaff.25.w378v1. Published 2006

Reference

Title
The Rise in Spending Among Medicare Beneficiaries: The role of chronic disease prevalence and changes in treatment intensity
Publication
Health Aff
Publication Date
Published 2006
Authors
Thorpe, Kenneth, and David Howard
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • In 2007, 42% of people over 65 reported a functional limitation, while 14% had trouble performing one or more instrumental activity of daily living but had no limitations on regular…  
  • In 2004, older Americans with no chronic conditions spent an average of $800 on prescription drugs. Those with 5 or more chronic conditions spent on average $3,862.  
  • The most common chronic diseases are costing the U.S. more than $1 trillion per year– which is expected to increase to $6 trillion by the middle of the century.  
  • Out-of-pocket spending for health care was $249.4 billion in 2005.  
  • In 2005, 133 million people had at least one chronic condition. The number will increase to 157 million by 2020.