Silver Book Fact

Providing health care for an older American costs 3 to 5 times more than for an individual under age 65. As the population ages, the nation’s health care spending is projected to increase 25% by 2030.

Centers for Disease Control and Prevention, Merk Institute of Aging and Health. The State of Aging and Health in America 2007. Washington, D.C.: Merk Institute of Aging and Health; 2007. http://www.cdc.gov/aging/pdf/saha_2007.pdf

Reference

Title
The State of Aging and Health in America 2007
Publisher
Merk Institute of Aging and Health
Publication Date
2007
Authors
Centers for Disease Control and Prevention, Merk Institute of Aging and Health
URL
Read Full Resource

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • Economic Impact of Chronic Disease, 2003  
  • Medicare-covered hospital and skilled nursing facility stays per 1,000 Medicare enrollees age 65 and over in fee-for-service, 1992-2007  
  • In 2005, a person with 3 or more chronic conditions who was 65 and older and insured through Medicare paid, on average, $2,588 in out-of-pocket medical expenses.  
  • In 2010, national health spending was estimated at $2.6 trillion.  
  • Even though the proportion of Americans using prescription drugs remained constant between 1996 and 2003, spending per person more than doubled from $424 to $950.