Silver Book Fact

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

Reference

Title
Patient Impact of Medicines
Authors
PhRMA
URL
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Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • Spending $11,000 on general medical care adds an average of 1 year of life. Spending only $1,345 on pharmaceutical research and development yields the same return.  
  • Analysis suggests that in the past 20 years, each additional dollar spent on health care services produced health gains valued at between $2.40 and $3.00.  
  • Using newer drugs could lower overall health expenses by as much as $111 per person, per condition, for the general population, and $155 for Medicare beneficiaries.  
  • Every $1 invested in newer medications saves $7 in other costs.  
  • The average length of stay for older Americans has decreased by 6 days since 1980.