Silver Book Fact

“Medicare spending has grown about nine-fold in the past two decades, from $37 billion in 1980 to $336 billion in 2005.”

Centers for Disease Control and Prevention, Merk Institute of Aging and Health. The State of Aging and Health in America 2007. Washington, D.C.: Merk Institute of Aging and Health; 2007. http://www.cdc.gov/aging/pdf/saha_2007.pdf

Reference

Title
The State of Aging and Health in America 2007
Publisher
Merk Institute of Aging and Health
Publication Date
2007
Authors
Centers for Disease Control and Prevention, Merk Institute of Aging and Health
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.  
  • This year’s national health spending projection anticipates an average annual growth of 6.9% from 2006 to 2016.  
  • Chronic diseases are the leading cause of death and disability in the United States–accounting for 70% of all deaths.  
  • People with Chronic Illnesses and Activity Limitations Have More Inpatient Stays  
  • 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…