Spending $11,000 on general medical care adds an average of 1 year of life. Spending only $1,345 on pharmaceutical research and development yields the same return.
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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.
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New medicines, or “new chemical entities” accounted for 40% (0.8 years) of the two-year gain in life expectancy seen in 52 countries from 1986-2000.
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“In 1985, the age adjusted nursing home residence rate was 54 people per 1,000 age 65 and over. By 2004 this rate had declined to 35 people per 1,000. Among… [ Get More Details ]
Percent Growth in Number of People Reporting Chronic Diseases, 2003-2023: Current Path versus Alternative Path
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