Silver Book Fact

Medicare spending is projected to almost triple from 3% of the U.S. GDP in 2006 to 8.8% by 2030.

The Rise in Spending Among Medicare Beneficiaries: The role of chronic disease prevalence and changes in treatment intensity. Health Aff Web site. http://content.healthaffairs.org/cgi/content/abstract/hlthaff.25.w378v1. Published 2006

Reference

Title
The Rise in Spending Among Medicare Beneficiaries: The role of chronic disease prevalence and changes in treatment intensity
Publication
Health Aff
Publication Date
Published 2006
Authors
Thorpe K, Howard D
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future 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.  
  • From 2008 to 2016, combined state and federal Medicaid spending is projected to grow an average of 8.1% per year and to represent 16.4% of national health expenditures by 2016.  
  • Percentage of Health Care Spending for Individuals with Chronic Conditions Varies by Type of Health Insurance  
  • National health spending in 2008 reached $2.3 trillion, or $7,681 per person.  This was a 4/4% increase from 2007.  
  • The national median rate for assisted living facilities in 2011 was $3,261/month.