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

  • “Medicaid spending growth increased slightly in 2005 to 3.9%, while Medicare nursing home expenditures grew 12.0% following growth of 16.2% in 2004.”  
  • The national median rate for non-medicare certified, licensed homemaker services (“hands-off” care such as helping with cooking and running errands) in 2010 was $18/hour.  
  • Home health care spending is projected to reach $64.4 billion in 2008.  
  • In 2007, growth in national health spending is projected to decelerate slightly to 6.6%, while spending growth among private payers and Medicaid accelerates.  
  • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.