Silver Book Fact

In 2007, Medicare spending grew 7.2% to $431.2 billion.

Centers for Medicare and Medicaid Services. National Health Expenditures: 2007 Highlights. U.S. Department of Health and Human Services; 2009. http://www.cms.hhs.gov/NationalHealthExpendData/downloads/highlights.pdf

Reference

Title
National Health Expenditures: 2007 Highlights
Publisher
U.S. Department of Health and Human Services
Publication Date
2009
Authors
Centers for Medicare and Medicaid Services
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 1999, nearly 40% of caregiving children were assisting parents who were age 85 or older, compared to about 34% in 1994. Nearly 13% of caregiving children were age 65…  
  • Spending on long-term care services for the elderly is projected to increase at least 2 1/2 times by 2050–to $379 billion.  
  • By 2015, spending on nursing home and home health care is expected to double from 2004 to $320.5 billion.  
  • In 2004, hospital spending, which is 30% of national heath expenditures, increased by 8.6%.  
  • Death rates for selected leading causes of death among people age 65 and over, 1981-2004