Silver Book Fact

In 2008, overall spending on hospital services reached $718.4 billion.

Hartman, Micah, Anne Martin, Olivia Nuccio, Aaron Catlin, and the National Health Care Expenditure Accounts Team. Health Spending Growth at a Historic Low in 2008. Health Affairs. January 2010; 29(1): 147-55. http://content.healthaffairs.org/cgi/content/full/29/1/147

Reference

Title
Health Spending Growth at a Historic Low in 2008
Publication
Health Affairs
Publication Date
January 2010
Authors
Hartman, Micah, Anne Martin, Olivia Nuccio, Aaron Catlin, and the National Health Care Expenditure Accounts Team
Volume & Issue
Volume 29, Issue 1
Pages
147-55
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2004, around 8% of older Americans incurred $2,500 or more in prescription drug costs.  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.  
  • About 80% of the senior population has 1 or more chronic conditions. Because of these conditions, 25% are limited in their ability to perform activities of daily living.  
  • Total Medicare spending reached $469.2 billion in 2008.  
  • Total U.S. health expenditures reached $2.1 trillion in 2006, which translates to $7,026 per person or 16% of the nation’s GDP.