Silver Book Fact

Spending on prescription drugs by non-institutionalized Medicare beneficiaries age 65 and older averaged $830 (24% of out-of-pocket spending) in 2003.

Caplan, Craig, and Normandy Brangan. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; September 2004. http://www.aarp.org/research/medicare/outofpocket/aresearch-import-912-DD101.html

Reference

Title
Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
Publication
Data Digest: AARP Public Policy Institute
Publisher
AARP
Publication Date
September 2004
Authors
Caplan, Craig, and Normandy Brangan
URL
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Out-of-pocket spending grew 5.3% in 2007, compared to 3.3% in 2006. This acceleration was mostly due to increased payments for prescription drugs, nursing home services, and nondurable medical supplies.  
  • Out-of-pocket spending for health care was $249.4 billion in 2005.  
  • National Health Expenditures and Their Share of Gross Domestic Product, 1960-2006  
  • 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.  
  • Spending on physician and clinical services is expected to reach $508.5 billion in 2008.