Silver Book Fact

Fact image

New Medicines Account for 40% of Increase in Life Expectancy

Reference

Title
Patient Impact of Medicines
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • Using Newer Medicines Results in Savings of $111 per Treated Condition  
  • From 1970-2000, increased longevity added approximately $3.2 trillion per year to national wealth, the equivalent of half of the average annual gross domestic product over the period. Half of these…  
  • Avoidable Treatment Costs and Output Losses, 2023  
  • Increased Use of Medicines Reduces Overall Health Care Costs: Mental health/substance abuse (MH/SA) spending per patient fell as drug spending increased, 1992-1999  
  • Percent Growth in Number of People Reporting Chronic Diseases, 2003-2023: Current Path versus Alternative Path