Silver Book Fact

In 2004, approximately 8% of those 65 and older incurred no prescription drug costs, but close to 24% incurred $2,500 or more that year.

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

  • From 2008 to 2016, combined state and federal Medicaid spending is projected to grow an average of 8.1% per year and to represent 16.4% of national health expenditures by 2016.  
  • Growth of chronic conditions in older adults
    The percentage of adults age 65 and older with multiple chronic conditions grew from 37.2% in 1999-2000, to 45.3% in 2009-2010.  
  • Arthritis and other musculoskeletal conditions were the most frequently reported chronic conditions causing limitation of activity. Heart and circulatory conditions were the second leading cause of activity limitation.  
  • Distribution of Medicare Enrollees Age 65 and Over Using Assistive Devices and/or Receiving Personal Care for a Chronic Disability, 1984, 1989, 1994, and 1999  
  • “Medicaid spending growth increased slightly in 2005 to 3.9%, while Medicare nursing home expenditures grew 12.0% following growth of 16.2% in 2004.”