Silver Book Fact

Nursing home spending reached $138.4 billion in 2008.

Hartman, Micah, Anne Martin, Olivia Nuccio, Aaron Catlin, and the National Health Care Expenditure Accounts Team. Health Spending Growth at a Historic Low in 2008. Health Affairs. January 2010; 29(1): 147-55. http://content.healthaffairs.org/cgi/content/full/29/1/147

Reference

Title
Health Spending Growth at a Historic Low in 2008
Publication
Health Affairs
Publication Date
January 2010
Authors
Hartman, Micah, Anne Martin, Olivia Nuccio, Aaron Catlin, and the National Health Care Expenditure Accounts Team
Volume & Issue
Volume 29, Issue 1
Pages
147-55
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The health care portion of the GDP was 16%, which was slightly higher than the 15.9% in 2004.  
  • “Medicaid spending growth increased slightly in 2005 to 3.9%, while Medicare nursing home expenditures grew 12.0% following growth of 16.2% in 2004.”  
  • The national average annual cost for a private room (single occupant) in a Medicare certificed nursing home increased $1,490 from 2005 rates.  
  • Over 2/5 of Americans age 65 and older who had health care expenses paid at least $1,000 out-of-pocket in 2003.  
  • Even though the proportion of Americans using prescription drugs remained constant between 1996 and 2003, spending per person more than doubled from $424 to $950.