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

  • Growth in hospital spending is expected to increase from 7% (2006) to 7.5% in 2007–partially because of higher Medicaid payment rates.  
  • The annual out-of-pocket medical costs for chronic disease rose from and average of $427 per American in 1996 to $741 in 2005.  
  • In 2002, the healthy life expectancy at birth was 69 years in the U.S. – 67 years for men and 71 years for women.  
  • 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…  
  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.