Silver Book Fact

Health spending is projected to consistently outpace the gross domestic product (GDP) over the next decade, growing from 16% of the GDP in 2004 to 20% in 2015.

Borger C, Smith S, Truffer C, Keehan S, et al. Health Spending Projections Through 2015: Changes on the horizon. Health Affairs. 2006; 25(2): w61-w73. http://content.healthaffairs.org/cgi/content/abstract/25/2/w61?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&fulltext=CMS&andorexactfulltext=and&searchid=1&FIRSTINDEX=0&resourcetype=HWCIT

Reference

Title
Health Spending Projections Through 2015: Changes on the horizon
Publication
Health Affairs
Publication Date
2006
Authors
Borger C, Smith S, Truffer C, Keehan S, et al
Volume & Issue
Volume 25, Issue 2
Pages
w61-w73
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • In 1998, the care given to people with chronic conditions accounted for 78% of health care spending–Now they account for 85%.  
  • The total annual economic burden of 7 major chronic diseases. including cost of expenditures, will be $4.2 trillion in 2023.  
  • In 2003, 45.8% of the American population (civilian, noninstitutionalized) made 1 – 3 health care visits (visits to doctor’s offices, emergency departments, or home visits); 24.8% made 4 – 9;…  
  • The national average annual cost for a semi-private room (double occupancy) in a Medicare certified nursing home is $62,532 ($171.32/day). This is a 2.3% increase over 2005 rates.  
  • The health share of the GDP is expected to increase to 16.3% in 2007.