Silver Book Fact

Fact image

Benefit of Increased Health Care Spending: Disability rates declining for seniors, 1982-1999

Reference

Title
Patient Impact of Medicines
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • Between 1980 and 2000, annual age adjusted per person health care costs increased by $2,254 (102%) but were accompanied by significant health gains including: a 16% decline in annual death…  
  • Each new drug approved between 1970 and 1991 saves an average of 11,200 life-years in 1991.  
  • Greater Adherence to Medicines Decreases Total Health Care Spending  
  • For each $1 spent on newer pharmaceuticals. $6.17 is saved in total health care spending. $4.44 of this savings is in hospital spending alone.  
  • During the twentieth century, cumulative gains in life expectancy, for both men and women, were worth over $1.2 million per person.