Silver Book Fact

In 2000, Americans saved 206 million days of hospital care because of health care investments.

The Value of Investment in Health Care. http://www.medtap.com/products/policy.cfm. Published 2004

Reference

Title
The Value of Investment in Health Care
Publication Date
Published 2004
Authors
MEDTAP International, Inc
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • Changes in behavior, preventative measures and innovation could save $1.6 trillion in treatment costs.  
  • For each $1 spent on newer pharmaceuticals. $6.17 is saved in total health care spending. $4.44 of this savings is in hospital spending alone.  
  • Analysis suggests that in the past 20 years, each additional dollar spent on health care services produced health gains valued at between $2.40 and $3.00.  
  • The share of elderly with impairments in their ability to live independently went down between 1% and 1.5% annually between 1984 and 2004, compared to the historical annual decline in…  
  • Appropriate use of diagnostics prevents between $28-$46 million in prescription drug, outpatient and inpatient costs.