Silver Book Fact

From 1970-2000, increased longevity added approximately $3.2 trillion per year to national wealth, the equivalent of half of the average annual gross domestic product over the period. Half of these gains were because of the progress against heart disease alone.

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • Medicines in Development for Older Americans, 2008  
  • Appropriate use of diagnostics prevents between $28-$46 million in prescription drug, outpatient and inpatient costs.  
  • During the twentieth century, cumulative gains in life expectancy, for both men and women, were worth over $1.2 million per person.  
  • Costs That Can Be Avoided, 2003-2023  
  • Every $1 invested in newer medications saves $7 in other costs.