Silver Book Fact

In 2005, a person with 3 or more chronic conditions who was 65 and older and insured through Medicare paid, on average, $2,588 in out-of-pocket medical expenses.

Paez, Kathryn Anne, Lan Zhao and Wenke Hwang. Rising Out-Of-Pocket Spending For Chronic Conditions: A Ten-Year Trend. Health Affairs. January 2009; 28(1): 15-25. http://content.healthaffairs.org/cgi/content/abstract/28/1/15

Reference

Title
Rising Out-Of-Pocket Spending For Chronic Conditions: A Ten-Year Trend
Publication
Health Affairs
Publication Date
January 2009
Authors
Paez, Kathryn Anne, Lan Zhao and Wenke Hwang
Volume & Issue
Volume 28, Issue 1
Pages
15-25
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The indirect impacts of 7 major chronic diseases will total $3.4 trillion in 2023– which is 4 times the cost of treatment.  
  • The health share of the GDP is expected to hold steady in 2006 before it resumes a historical upward trend, reaching 19.6% of GDP by 2016.  
  • Percentage of the Population With Chronic Diseases, 1995-2030  
  • Lost Productivity by Chronic Disease, 2003  
  • The average lenth of a hospital stay in 2007 was 5.6 days.