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 K, Ogden L, Galactionova K. 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 K, Ogden L, Galactionova K
Volume & Issue
Volume 29, Issue 4
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • The combined cost of treatment expenditures and lost economic output for seven common chronic diseases (cancer, diabetes, heart disease, hypertension, stroke, mental disorders, and pulmonary conditions) totaled $1.3 trillion in…  
  • Percentage of Medicare enrollees age 65 and over with functional limitations, by residential setting, 2005  
  • The Gallup Healthways Well-Being Index found that 24% of those surveyed were not able to perform their usual activities on 1 or more days during the previous month because of…  
  • Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.  
  • Between 2000 and 2030, the number of Americans with 1 or more chronic conditions will increase by 37%–46 million people.