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 2004, Americans aged 65 and older with five or more chronic conditions incurred $3,862 on average, while those with no chronic conditions incurred prescription drug costs at an average…  
  • In 2006, health care costs for Medicare enrollees age 65 and older were: 25% for inpatient hospital care 16% for prescription drugs 35% for physician/outpatient services 13% for long-term care facilities  
  • The U.S. spent 85% of our health care dollars on people with chronic conditions in 2004.  
  • Economic contributions of family caregivers
    Family caregivers contribute an estimated $450 billion each year in economic value.  
  • Number of People Reporting Selected Chronic Diseases, 2003