Silver Book Fact

Health care spending accounts for 16% of the GDP, with total spending estimated to reach $2.2 trillion in 2006.

Zuvekas S, Cohen J. Prescription Drugs and the Changing Concentration of Health Care Expenditures. Health Aff. 2007; 26(1): 249-57. https://www.healthaffairs.org/doi/full/10.1377/hlthaff.26.1.249

Reference

Title
Prescription Drugs and the Changing Concentration of Health Care Expenditures
Publication
Health Aff
Publisher
Project HOPE
Publication Date
2007
Authors
Zuvekas S, Cohen J
Volume & Issue
Volume 26, Issue 1
Pages
249-57
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

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  • 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.  
  • Distribution of Medicare Enrollees Age 65 and Over Using Assistive Devices and/or Receiving Personal Care for a Chronic Disability, 1984, 1989, 1994, and 1999  
  • American adults age 65 and older use 1/3 of all prescription medications.  
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