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, Craig, and Normandy Brangan. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; September 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
September 2004
Authors
Caplan, Craig, and Normandy Brangan
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The health share of the GDP is expected to increase to 16.3% in 2007.  
  • In 2004, Americans aged 65 and older with five or more chronic conditions incurred $3,862 on average, while those with no chronic conditions incurred prescription drug costs at an average…  
  • More than 1/2 of family caregivers were providing help to spouses or parents with 3 or more activities of daily living (ADL) disabilities in 1999, up about 5% from 1994.  
  • Total Medicare spending reached $469.2 billion in 2008.  
  • The typical caregiver is a 46-year-old woman with at least some college experience, providing more than 20 hours of weekly care to her mother. However, nearly 4 in 10 caregivers…