Silver Book Fact

Nursing home spending increased 4.8% in 2007 to reach $131.3 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

  • At least 80% of older Americans live with at least 1 chronic condition. 50% live with at least 2 chronic conditions.  
  • The national median rate for a semi-private nursing home room in 2010 was $185/day.  
  • The average 75-year-old suffers from 3 chronic conditions and takes 5 prescription medications.  
  • In 2004 and 2005, hospital spending continued to grow quickly by 7.9% each year and accounted for the largest share of the overall spending increase in both years.  
  • 1.7 million Americans die from a chronic disease each year–7 out of 10 deaths in the United States.