Silver Book Fact

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 of $800 per person.

Federal Interagency Forum on Aging-Related Statistics. Older Americans 2010: Key Indicators of Well-Being. Washington, DC: US Government Priting Office; 2010. https://agingstats.gov/docs/PastReports/2010/OA2010.pdf

Reference

Title
Older Americans 2010: Key Indicators of Well-Being
Publisher
US Government Priting Office
Publication Date
2010
Authors
Federal Interagency Forum on Aging-Related Statistics
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In the United States, chronic disease accounts for 75% of the more than $2 trillion spent on health care per year.  
  • About 95% of health care spending for older Americans is for chronic diseases.  
  • “Medicare spending has grown about nine-fold in the past two decades, from $37 billion in 1980 to $336 billion in 2005.”  
  • The national median rate for a semi-private nursing home room in 2010 was $185/day.  
  • People with Chronic Illnesses and Activity Limitations Have More Physician Visits