Silver Book Fact

In 2005, Medicare spending reached $342.0 billion which was a 9.3% increase. Medicare spending increased 10.3% in 2004.

Catlin A, Cowan C, Heffler S, Washington B, et al. National Health Spending In 2005: The slowdown continues. Health Affairs. 2007; 26(1): 142-153. https://www.healthaffairs.org/doi/full/10.1377/hlthaff.26.1.142

Reference

Title
National Health Spending In 2005: The slowdown continues
Publication
Health Affairs
Publisher
Project HOPE
Publication Date
2007
Authors
Catlin A, Cowan C, Heffler S, Washington B, et al.
Volume & Issue
Volume 26, Issue 1
Pages
142-153
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2003, 34% of the population age 65 – 74 years (civilian, noninstitutionalized) made 1 – 3 health care visits (visits to doctor’s offices, emergency departments, and home visits); 35.7%…  
  • In 2004, average annual prescription drug costs for noninstitutionalized Medicare enrollees over 65 was $2,107 per person.  
  • Annual health care costs for Medicare enrollees age 65 and over with no chronic disease was, on average, $5,186.  This number rises to $25,132 for those whith five of more…  
  • People with Multiple Chronic Conditions Are Much More Likely to be Hospitalized  
  • In 2006, 43.2 million Americans were covered by Medicare– 7 million disabled.