Silver Book Fact

Spending on long-term care services for the elderly is projected to increase at least 2 1/2 times by 2050–to $379 billion.

Long-Term Care: Aging baby boom generation will increase demand and burden on federal and state budgets, Statement of David M. Walker Comptroller General of the United States. http://www.gao.gov/new.items/d02544t.pdf. Published 2002

Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Type of Expenditure, 2003  
  • Medicaid spending grew 6.4% in 2007 to $329.4 billion.  
  • 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.  
  • Chronic diseases are the leading cause of death and disability in the United States–accounting for 70% of all deaths.  
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