Silver Book Fact

Medicare income in 2006 was $437 billion, and expenditures were $408 billion.

Boards of Trustees. 2007 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds; 2007:2. http://www.cms.hhs.gov/ReportsTrustFunds/downloads/tr2007.pdf

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2004, Americans with no chronic conditions incurred about $4,700 on average in health care costs. Those with 5 or more chronic conditions incurred $20,300.  
  • The national median rate of licensed home health aide services in 2011 was $19/hour.  
  • Projected Annual Costs of Chronic Diseases, 2023 (US$ Trillions)  
  • At least 80% of older Americans live with at least 1 chronic condition. 50% live with at least 2 chronic conditions.  
  • Growth in hospital spending is expected to increase from 7% (2006) to 7.5% in 2007–partially because of higher Medicaid payment rates.