Silver Book Fact

Even though the proportion of Americans using prescription drugs remained constant between 1996 and 2003, spending per person more than doubled from $424 to $950.

Zuvekas, Samuel H and Joel W Cohen. Prescription Drugs and the Changing Concentration of Health Care Expenditures. Health Aff. 2007; 26(1): 249-57. https://www.healthaffairs.org/doi/full/10.1377/hlthaff.26.1.249

Reference

Title
Prescription Drugs and the Changing Concentration of Health Care Expenditures
Publication
Health Aff
Publisher
Project HOPE
Publication Date
2007
Authors
Zuvekas, Samuel H and Joel W Cohen
Volume & Issue
Volume 26, Issue 1
Pages
249-57
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Out-of-pocket spending on health care tends to rise with income. Medicare beneficiaries with incomes above 400% of poverty spent an average of $3,785, which is the highest among the income…  
  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.  
  • By 2015, spending on nursing home and home health care is expected to double from 2004 to $320.5 billion.  
  • The national average annual cost for a private one-bedroom unit in an assisted living facility is $32,294.40 ($88.48/day). This is a 6.7% increase over 2005 rates. Note–these rates exclude one-time…  
  • From 2008 to 2016, combined state and federal Medicaid spending is projected to grow an average of 8.1% per year and to represent 16.4% of national health expenditures by 2016.