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

  • The United States would have spent $634 billion less on health care in 2000 without many of the improvements in health and the associated investments that were seen between 1980…  
  • Spending $11,000 on general medical care adds an average of 1 year of life. Spending only $1,345 on pharmaceutical research and development yields the same return.  
  • New medicines, or “new chemical entities” accounted for 40% (0.8 years) of the two-year gain in life expectancy seen in 52 countries from 1986-2000.  
  • Increased longevity added about $3.2 trillion per year to national wealth between 1970 and 2000, an uncounted value equal to approximately 1/2 of the average annual GDP during that period.  
  • Medicare could save $26 billion per year if currently healthy older people were able to remain fully independent over the course of a single year.