Silver Book Fact

In 2003, Medicare beneficiaries age 65-74 had the lowest out-of-pocket expenses as a percent of income (18%), while beneficiaries age 85 and older had the highest (30%).

Caplan C, Brangan N. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; 2004. http://www.aarp.org/research/medicare/outofpocket/aresearch-import-912-DD101.html

Reference

Title
Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
Publication
Data Digest: AARP Public Policy Institute
Publisher
AARP
Publication Date
2004
Authors
Caplan C, Brangan N
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2007, 42% of people over 65 reported a functional limitation, while 14% had trouble performing one or more instrumental activity of daily living but had no limitations on regular…  
  • One in Four Americans Has Multiple Chronic Conditions  
  • Individuals with Chronic Illnesses and Activity Limitations Have More Home Health Care Visits  
  • People with Chronic Illnesses and Activity Limitations Have More Physician Visits  
  • Lost workdays and lower employee productivity because of hypertension cost $279.5 billion– the highest amount among chronic diseases.