Silver Book Fact

Private health expenditures is expected to grow to 6.3% in 2007–increasing from 5.4% in 2006.

Centers for Medicare and Medicaid Services. National Health Expenditure Projections 2007-2017. U.S. Department of Health and Human Services; 2008. http://www.cms.hhs.gov/NationalHealthExpendData/Downloads/proj2007.pdf

Reference

Title
National Health Expenditure Projections 2007-2017
Publisher
U.S. Department of Health and Human Services
Publication Date
2008
Authors
Centers for Medicare and Medicaid Services
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Among older persons in the community with disability who did receive personal assistance, the proportion receiving any informal care (informal care or informal/formal combination of care) fell somewhat, from 94.9%…  
  • It is projected that by 2020 the U.S. will spend $685 billion a year in direct medical costs for persons with chronic diseases, and by 2050–$906 billion.  
  • Home health care spending is projected to reach $64.4 billion in 2008.  
  • “Medicare spending has grown about nine-fold in the past two decades, from $37 billion in 1980 to $336 billion in 2005.”  
  • Health care spending accounts for 16% of the GDP, with total spending estimated to reach $2.2 trillion in 2006.