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CBO’s 75-Year Projections for Total National Health Spending

O'Grady, Michael J. and James C. Capretta. Health-Care Cost Projections for Diabetes and Other Chronic Diseases: The current context and potential enhancements; May 2009. http://www.fightchronicdisease.org/pdfs/PFCD_whitepaper5.21.09.pdf

Reference

Title
Health-Care Cost Projections for Diabetes and Other Chronic Diseases: The current context and potential enhancements
Publication Date
May 2009
Authors
O'Grady, Michael J. and James C. Capretta
URL
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Categories

  • Cost of Disease
  • Future Human Burden

Related Facts

  • Between 2008 and 2018, average annual growth in health spending is projected to be 6.2%. This is 2.1% higher than the annual GDP growth.  
  • Medicare-covered hospital and skilled nursing facility stays per 1,000 Medicare enrollees age 65 and over in fee-for-service, 1992-2005  
  • Out-of-pocket spending grew 5.3% in 2007, compared to 3.3% in 2006. This acceleration was mostly due to increased payments for prescription drugs, nursing home services, and nondurable medical supplies.  
  • Medicare income in 2006 was $437 billion, and expenditures were $408 billion.  
  • In 2004, older Americans with no chronic conditions spent an average of $800 on prescription drugs. Those with 5 or more chronic conditions spent on average $3,862.