Silver Book Fact

The United States spends more than $26 billion annually on additional health care costs for people over 65 who lose their ability to live independently over the course of a single year.

Guralnik J, Alecxih L, Branch L, Wiener J. Independence for Older Americans: An investment for our nation’s future. Washington, DC: Alliance for Aging Research; 1999. http://www.agingresearch.org/Publications/view/134#.VhXLlflViko

Reference

Title
Independence for Older Americans: An investment for our nation’s future
Publisher
Alliance for Aging Research
Publication Date
1999
Authors
Guralnik J, Alecxih L, Branch L, Wiener J
URL
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • 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.  
  • “Medicare spending has grown about nine-fold in the past two decades, from $37 billion in 1980 to $336 billion in 2005.”  
  • In 2011, the leading causes of death in the U.S. were chronic diseases: heart disease, cancer, chronic lower respiratory diseases, and stroke (cerebrovascular diseases).  
  • In 2004, Americans with no chronic conditions incurred about $4,700 on average in health care costs. Those with 5 or more chronic conditions incurred $20,300.  
  • National health spending is projected to reach $4.4 trillion by 2018.