Silver Book Fact

Fact image

Projected Annual Costs of Chronic Diseases, 2023 (US$ Trillions)

DeVol R, Bedroussian A, Charuworn A, Chatterjee A, et al. An Unhealthy America: The economic burden of chronic disease. The Milken Institute; 2007. https://assets1b.milkeninstitute.org/assets/Publication/ResearchReport/PDF/chronic_disease_report.pdf

Reference

Title
An Unhealthy America: The economic burden of chronic disease
Publisher
The Milken Institute
Publication Date
2007
Authors
DeVol R, Bedroussian A, Charuworn A, Chatterjee A, et al.
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • Medicaid spending grew 6.4% in 2007 to $329.4 billion.  
  • 40% of American adults reported that they went without care in 2004 because of costs during the year. This rate is 4 times higher than in the U.K., the benchmark…  
  • 11% of caregiving spouses were age 85 or older, up from 8.6% in 1994.  
  • From 2008 to 2016, Medicare growth is expected to average 7.6% per year, and represent 20.9% of total national health care expenditures towards the end of the projection period.  
  • 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.