Silver Book Fact

In 2001, 5% of Medicare beneficiaries accounted for 43% of Medicare spending. For these beneficiaries, health care spending averaged around $63,000 per year. The bottom 50% of beneficiaries accounted for only 4% of spending–with an average cost of around $550 per year.

Congressional Budget Office. High-Cost Medicare Beneficiaries. Washington, D.C.: Congressional Budget Office; May 2005. http://www.cbo.gov/ftpdocs/63xx/doc6332/05-03-MediSpending.pdf

Reference

Title
High-Cost Medicare Beneficiaries
Publisher
Congressional Budget Office
Publication Date
May 2005
Authors
Congressional Budget Office
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2003, heart disease, stroke, cancer, diabetes, and Alzheimer’s disease cost an estimated $771 billion.  
  • By 2017, U.S. health care spending is expected to grow to more than $4.3 trillion and comprise 19.5% of the GDP.  
  • Percentage of Health Care Spending for Individuals with Chronic Conditions Varies by Type of Health Insurance  
  • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.  
  • The most common chronic diseases are costing the U.S. more than $1 trillion per year– which is expected to increase to $6 trillion by the middle of the century.