Silver Book Fact

Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.

Goldman, Dana P., et al. Modeling the Health and Medical Care Spending of the Future Elderly. RAND Corp; http://www.rand.org/pubs/research_briefs/RB9324/

Reference

Title
Modeling the Health and Medical Care Spending of the Future Elderly
Publication
RAND Research Briefs
Publisher
RAND Corp.
Authors
Goldman, Dana P., et al.
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • Projected Annual Costs of Chronic Diseases, 2023 (US$ Trillions)  
  • One in Four Americans Has Multiple Chronic Conditions  
  • The annual rate for a private nursing home room in 2010 was $75,190, compared to $60,225 in 2005 (a growth of $14,965).  
  • The Number of People with Chronic Condtions is Rapidly Increasing  
  • Average annual health care costs for Medicare enrollees age 65 and over, in 2004 dollars, by age group, 1992-2004