Silver Book Fact

Older Americans spent 12.4% of their total expenditures on health, more than twice the proportion spent by all consumers (5.7%).

Administration on Aging. A Profile of Older Americans: 2007. Washington, DC: US Department of Health and Human Services; 2008. http://www.aoa.acl.gov/Aging_Statistics/Profile/2007/docs/2007profile.pdf

Reference

Title
A Profile of Older Americans: 2007
Publisher
US Department of Health and Human Services
Publication Date
2008
Authors
Administration on Aging
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Average annual health care costs for Medicare enrollees age 65 and over, in 2004 dollars, by age group, 1992-2004  
  • Projected Annual Costs of Chronic Diseases, 2023 (US$ Trillions)  
  • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.  
  • Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Type of Expenditure, 2003  
  • By 2030, 20% of the population will be people age 65 and older with chronic conditions.