Silver Book Fact

Absent policy change, the Congressional Budget Office estimates that Medicare spending will grow at an average of 7% each year from 2010 to 2018, rising to $879 billion annually and 4% of GDP. The rate of growth of Medicare spending over the long term is predicted to exceed the rate of growth in federal revenues and the overall economy.

Thorpe, Kenneth E., Lydia L. Ogden, and Katya Galactionova. Chronic Conditions Account for Rise in Medicare Spending From 1987 to 2006. Health Aff. 2010; 29(4). http://content.healthaffairs.org/cgi/content/full/hlthaff.2009.0474v1

Reference

Title
Chronic Conditions Account for Rise in Medicare Spending From 1987 to 2006
Publication
Health Aff
Publication Date
2010
Authors
Thorpe, Kenneth E., Lydia L. Ogden, and Katya Galactionova
Volume & Issue
Volume 29, Issue 4
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • The highest average annual cost for a private room (single occupancy) in a Medicare certified nursing home is in Alaska at a cost of $191,140. The next highest cost is…  
  • National health spending is projected to grow 5.8% each year from 2010 through 2020.  
  • In 2006, 43.2 million Americans were covered by Medicare– 7 million disabled.  
  • “Medicaid spending growth increased slightly in 2005 to 3.9%, while Medicare nursing home expenditures grew 12.0% following growth of 16.2% in 2004.”  
  • National health spending numbers are projected to reach $2.4 trillion for 2008.