Silver Book Fact

Spending on prescription drugs is projected to grow 3.5% in 2008–a slowdown of 1.4% from 2007–and reach $235.4 billion. Drug spending growth is expected to rebound to 4.5% in 2010–climbing to 6.6% by 2013. By 2018 it will reach 8.6%.

Sisko A, Truffer C, Smith S, Keehan S, et al. Health Spending Projections Through 2018: Recession Effects Add Uncertainty to the Outlook. Health Aff. 2009; https://www.healthaffairs.org/doi/10.1377/hlthaff.28.2.w346

Reference

Title
Health Spending Projections Through 2018: Recession Effects Add Uncertainty to the Outlook
Publication
Health Aff
Publication Date
2009
Authors
Sisko A, Truffer C, Smith S, Keehan S, et al
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The national median rate for a semi-private nursing home room in 2011 was $193/day.  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.  
  • People with 5 or more chronic conditions see an average of close to 14 different physicians and fill 50 prescriptions per year.  
  • Home health care spending is projected to reach $64.4 billion in 2008.  
  • Quality-of-care scores were found to decline with age. The percentage of recommended care received by individuals age 18-30 was 57.5%, compared to 52.1% for those 65 and older.