Silver Book Fact

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Health Care Costs: 1965-2004

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Presenteeism is Responsible for the Largest Share of Lost Economic Output Associated with Chronic Health Problems  
  • In 2004, approximately 8% of those 65 and older incurred no prescription drug costs, but close to 24% incurred $2,500 or more that year.  
  • Total health care spending in 2006 is projected to be $2.1 trillion.  
  • Medicare-covered hospital and skilled nursing facility stays per 1,000 Medicare enrollees age 65 and over in fee-for-service, 1992-2005  
  • The national average annual cost for a private room (single occupant) in a Medicare certificed nursing home increased $1,490 from 2005 rates.