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 K, Zhao L, Hwang W. 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 K, Zhao L, Hwang W
Volume & Issue
Volume 28, Issue 1
Pages
15-25
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Medicare spending is projected to almost triple from 3% of the U.S. GDP in 2006 to 8.8% by 2030.  
  • The decade-long projection detailed here expects that nearly $0.20 of every $1.00 spent will be devoted to health by 2016.  
  • In 2003, national health expenditures were 15.3% of the GDP, compared to 5.1% in 1960.  
  • In 2007, Medicare spending grew 7.2% to $431.2 billion.  
  • The number of people with chronic conditions exceeded a previous prediction by reaching 125 million in 2000 and will grow to almost 157 million by 2020.