Silver Book Fact

Fact image

Medicines in Development for Older Americans

2005 Survey: Medicines in development for older Americans. http://www.phrma.org/files/New%20Meds%20for%20Older%20Americans.pdf. Published 2005

Reference

Title
2005 Survey: Medicines in development for older Americans
Publisher
PhRMA
Publication Date
Published 2005
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Future Value

Related Facts

  • New Medicines Account for 40% of Increase in Life Expectancy  
  • Analysis suggests that in the past 20 years, each additional dollar spent on health care services produced health gains valued at between $2.40 and $3.00.  
  • For every $1 spent on newer instead of older medicines, total health care spending is reduced by $6.17.  
  • Decline in Disability Rates for People Aged over 65 Years, 1982-2000  
  • Eliminating hypertension in all elderly persons would result in 75 million additional disability-adjusted life years (DALYs) and reduce Medicare spending by around $890 billion.