Silver Book Fact

Fact image

Average Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Income as a Percent of Federal Poverty Level, 2003

Caplan, Craig, and Normandy Brangan. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; September 2004. http://www.aarp.org/research/medicare/outofpocket/aresearch-import-912-DD101.html

Reference

Title
Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
Publication
Data Digest: AARP Public Policy Institute
Publisher
AARP
Publication Date
September 2004
Authors
Caplan, Craig, and Normandy Brangan
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The national median rate for a private nursing home room was $206/day.  
  • In 1999, nearly 40% of caregiving children were assisting parents who were age 85 or older, compared to about 34% in 1994. Nearly 13% of caregiving children were age 65…  
  • In 2005, national health expenditures were projected to surpass $2 trillion.  
  • By 2017, U.S. health care spending is expected to grow to more than $4.3 trillion and comprise 19.5% of the GDP.  
  • In 2004, approximately 8% of those 65 and older incurred no prescription drug costs, but close to 24% incurred $2,500 or more that year.