Silver Book Fact

In 2005 older Americans averaged $4,331 in out-of-pocket health care expenditures, an increase of 57% since 1995. In contrast, the total population spent considerably less, averaging $2,766 in out-of-pocket costs.

Administration on Aging. A Profile of Older Americans: 2007. Washington, DC: US Department of Health and Human Services; 2008. http://www.aoa.acl.gov/Aging_Statistics/Profile/2007/docs/2007profile.pdf

Reference

Title
A Profile of Older Americans: 2007
Publisher
US Department of Health and Human Services
Publication Date
2008
Authors
Administration on Aging
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2007, Medicare spending grew 7.2% to $431.2 billion.  
  • Medicare beneficiaries with 5 or more chronic conditions see an average of 14 different physicians a year.  
  • Between 1992 and 2007 skilled nursing facility stays increased from 28 to 81 stays per 1,000 Medicare enrollees.  
  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.  
  • Deaths and death rates for 2006 and age-adjusted death rates and percentage changes in age-adjusted rates from 2005 to 2006 for the 15 leading causes of death: United States, final…