Silver Book Fact

Resonable disease prevention and management efforts could add $5.7 trillion to the nation’s economic output by 2050– a boost of 18%.

Milken Institute. The Economic Burden of Chronic Disease on the United States; http://www.chronicdiseaseimpact.com/state_sheet/USA.pdf

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • Improvements in preventing and managing chronic disease could reduce future economic costs in the United States by 27% ($1.1 trillion) in 2023. $905 billion would come from gains in productivity;…  
  • Every $1 invested in newer medications saves $7 in other costs.  
  • Costs That Can Be Avoided, 2003-2023  
  • Spending $11,000 on general medical care adds an average of 1 year of life. Spending only $1,345 on pharmaceutical research and development yields the same return.  
  • Medicare could save $26 billion per year if currently healthy older people were able to remain fully independent over the course of a single year.