Silver Book Fact

Fact image

New Medicines Account for 40% of Increase in Life Expectancy

Reference

Title
Patient Impact of Medicines
Authors
PhRMA
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • During the twentieth century, cumulative gains in life expectancy, for both men and women, were worth over $1.2 million per person.  
  • Benefit of Increased Health Care Spending: Disability rates declining for seniors, 1982-1999  
  • Increased longevity added about $3.2 trillion per year to national wealth between 1970 and 2000, an uncounted value equal to approximately 1/2 of the average annual GDP during that period.  
  • Medicare could save $26 billion per year if currently healthy older people were able to remain fully independent over the course of a single year.  
  • National health spending growth is projected to slow from 6.9% in 2005 to 6.8% in 2006, which marks the 4th consecutive year of a slowing trend.