Silver Book Fact

Growth in national health spending is projected to be 0.4% higher than the GDP. Health spending is expected to grow an average of 2.1% faster per year than GDP, resulting in a health share of GDP that reaches 19.6% by 2016.

Poisal J, Truffler C, Smith S, Sisko A, et al. Health Spending Projections Through 2016: Modest changes obscure Part D’s impact. Health Affairs. 2007; http://content.healthaffairs.org/cgi/content/abstract/hlthaff.26.2.w242

Reference

Title
Health Spending Projections Through 2016: Modest changes obscure Part D’s impact
Publication
Health Affairs
Publication Date
2007
Authors
Poisal J, Truffler C, Smith S, Sisko A, et al.
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • In 2005, Medicare spending reached $342.0 billion which was a 9.3% increase. Medicare spending increased 10.3% in 2004.  
  • Percentage of Medicare dollars Spent on Chronic Illness, 1987, 1997, and 2002  
  • The number of people with chronic conditions exceeded a previous prediction by reaching 125 million in 2000 and will grow to almost 157 million by 2020.  
  • In 1998, the care given to people with chronic conditions accounted for 78% of health care spending–Now they account for 85%.  
  • Over 2/5 of Americans age 65 and older who had health care expenses paid at least $1,000 out-of-pocket in 2003.