Silver Book Fact

Spending on prescription drugs is projected to grow 3.5% in 2008–a slowdown of 1.4% from 2007–and reach $235.4 billion. Drug spending growth is expected to rebound to 4.5% in 2010–climbing to 6.6% by 2013. By 2018 it will reach 8.6%.

Sisko A, Truffer C, Smith S, Keehan S, et al. Health Spending Projections Through 2018: Recession effects add uncertainty to the outlook. Health Aff. 2009; https://www.healthaffairs.org/doi/10.1377/hlthaff.28.2.w346

Reference

Title
Health Spending Projections Through 2018: Recession effects add uncertainty to the outlook
Publication
Health Aff
Publication Date
2009
Authors
Sisko A, Truffer C, Smith S, Keehan S, et al
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Percentage of the Population With Chronic Diseases, 1995-2030  
  • The national median rate for a private nursing home room in 2011 was $213/day.  
  • American adults age 65 and older use 1/3 of all prescription medications.  
  • In 2004, Americans aged 65 and older with five or more chronic conditions incurred $3,862 on average, while those with no chronic conditions incurred prescription drug costs at an average…  
  • Percentage of Health Care Spending for Individuals with Chronic Conditions Varies by Type of Health Insurance