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Medicines in Development for Older Americans, 2008

PhRMA. 2008 Report: Medicines in Development for Older Americans; November 2008

Reference

Title
2008 Report: Medicines in Development for Older Americans
Publication Date
November 2008
Authors
PhRMA

Categories

  • Innovative Medical Research
  • Future Value

Related Facts

  • The average length of stay for older Americans has decreased by 6 days since 1980.  
  • If resonable improvements in preventing and managing chronic disease are made, 40.2 million cases of chronic disease will be avoided in 2023.  
  • In an optimistic scenario, more effective prevention and management of disease could save $218 billion in treatment expenditures annually in 2023.  
  • Delaying the onset of Alzheimer’s disease, innovations that delay disability among the elderly through 2009, and a 25% increase in efficiency and effectiveness of cancer treatment would save $138 billion…  
  • For every $1 spent on newer instead of older medicines, total health care spending is reduced by $6.17.