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

  • Nursing home spending reached $138.4 billion in 2008.  
  • In 2005, health costs incurred on average by older consumers consisted of $2,617 (60%) for insurance, $887 (20%) for drugs, $663 (15.3%) for medical services, and $164 (4%) for medical…  
  • Increased use of multiple prescription medications has been shown to raise the risk of adverse drug interactions for older adults. The risk of injury is associated with the use of…  
  • Percentage of people age 65 and over who reported having selected chronic conditions, by sex, 2005-2006  
  • The most common chronic diseases are costing the U.S. more than $1 trillion per year– which is expected to increase to $6 trillion by the middle of the century.