Silver Book Fact

In the United States, chronic disease accounts for 75% of the more than $2 trillion spent on health care per year.

Paez, Kathryn Anne, Lan Zhao and Wenke Hwang. Rising Out-Of-Pocket Spending For Chronic Conditions: A Ten-Year Trend. Health Affairs. January 2009; 28(1): 15-25. http://content.healthaffairs.org/cgi/content/abstract/28/1/15

Reference

Title
Rising Out-Of-Pocket Spending For Chronic Conditions: A Ten-Year Trend
Publication
Health Affairs
Publication Date
January 2009
Authors
Paez, Kathryn Anne, Lan Zhao and Wenke Hwang
Volume & Issue
Volume 28, Issue 1
Pages
15-25
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.  
  • Among Americans aged 65 and older, heart disease and cancer are the top two leading causes of death.  
  • Growth in public spending on personal health care, which is projected to be 8% in 2005, is expected to continue to outpace growth in private spending.  
  • Over 2/5 of Americans age 65 and older who had health care expenses paid at least $1,000 out-of-pocket in 2003.  
  • Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.