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Out-of-Pocket Spending on Prescription Drugs by Medicare beneficiaries, by Presence of Prescription Drug Coverage, 2003

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
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Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Hospital spending accounted for 31% of all money spent on health care in 2005, which was the largest share of overall health spending.  
  • The average prescription drug costs for older Americans in 2004 were $2,107 per person.  
  • National health spending is projected to grow 5.8% each year from 2010 through 2020.  
  • In 2005, the number of physician visits was 13,914 per 1,000 Medicare enrollees.  
  • In 2004, approximately 8% of those 65 and older incurred no prescription drug costs, but close to 24% incurred $2,500 or more that year.