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

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  • In 2004, older Americans with no chronic conditions spent an average of $800 on prescription drugs. Those with 5 or more chronic conditions spent on average $3,862.  
  • 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.