Silver Book Fact

Annual health care costs for Medicare enrollees age 65 and over with no chronic disease was, on average, $5,186.  This number rises to $25,132 for those whith five of more condidtions, and $57,022 for those in long-term care facilities.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2010: Key Indicators of Well-Being. Washington, DC: US Government Priting Office; 2010. https://agingstats.gov/docs/PastReports/2010/OA2010.pdf

Reference

Title
Older Americans 2010: Key Indicators of Well-Being
Publisher
US Government Priting Office
Publication Date
2010
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2003, Medicare beneficiaries age 65-74 had the lowest out-of-pocket expenses as a percent of income (18%), while beneficiaries age 85 and older had the highest (30%).  
  • Between 2000 and 2030, the number of Americans with 1 or more chronic conditions will increase by 37%–46 million people.  
  • In 2005, health costs incurred on average by older consumers consisted of $2,617 (60%) for insurance, $887 (20%) for drugs, $663 (15.3%) for medical services, and $164 (4%) for medical…  
  • Major components of health care costs among Medicare enrollees age 65 and over, 1992-2006  
  • By 2030, 20% of the population will be people age 65 and older with chronic conditions.