Silver Book Fact

Out-of-pocket spending on health care tends to rise with income. Medicare beneficiaries with incomes above 400% of poverty spent an average of $3,785, which is the highest among the income categories presented, while those with incomes below 135% of poverty spent the least.

Caplan C, Brangan N. Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003. Washington, DC: AARP; 2004. http://www.aarp.org/research/medicare/outofpocket/aresearch-import-912-DD101.html

Reference

Title
Out-of-Pocket Spending on Health Care by Medicare Beneficiaries Age 65 and Older in 2003
Publication
Data Digest: AARP Public Policy Institute
Publisher
AARP
Publication Date
2004
Authors
Caplan C, Brangan N
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • People with Chronic Illnesses and Activity Limitations Have More Inpatient Stays  
  • Older Adults are More Likely to Have Multiple Chronic Conditions  
  • About 80% of the senior population has 1 or more chronic conditions. Because of these conditions, 25% are limited in their ability to perform activities of daily living.  
  • In 2003, the U.S. spent $1.7 trillion on health, an average of $5,671 per person.  
  • In 2005, 133 million people had at least one chronic condition. The number will increase to 157 million by 2020.