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, John A., Christopher Truffler, Sheila Smith, Andrea Sisko, Cathy Cowan, Sean Keehan, Bridget Dickensheets, and National Health Care Expenditures Team. Health Spending Projections Through 2016: Modest changes obscure Part D’s impact. Health Affairs. February 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
February 2007
Authors
Poisal, John A., Christopher Truffler, Sheila Smith, Andrea Sisko, Cathy Cowan, Sean Keehan, Bridget Dickensheets, and National Health Care Expenditures Team
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • In 2002, older people made up 13% of the U.S. population yet accounted for 36% of all hospital stays, 49% of all days of hospital care, and 50% of all…  
  • Spending on long-term care services for the elderly is projected to increase at least 2 1/2 times by 2050–to $379 billion.  
  • In 2006, 43.2 million Americans were covered by Medicare– 7 million disabled.  
  • The national average annual cost for a private room (single occupant) in a Medicare certificed nursing home increased $1,490 from 2005 rates.  
  • Among Americans aged 65 and older, heart disease and cancer are the top two leading causes of death.