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 2005, Medicare spending reached $342.0 billion which was a 9.3% increase. Medicare spending increased 10.3% in 2004.  
  • 1.7 million Americans die from a chronic disease each year–7 out of 10 deaths in the United States.  
  • Public spending represents 3/4 of home health spending and is expected to grow to more than 80% by 2015.  
  • Prescription drug spending growth accelerated in 2006 to 8.5%, partly as a result of Medicare Part D’s impact.  
  • People with 5 or more chronic conditions see an average of close to 14 different physicians and fill 50 prescriptions per year.