Silver Book Fact

The health share of the GDP is expected to hold steady in 2006 before it resumes a historical upward trend, reaching 19.6% of GDP by 2016.

Poisal J, Truffler C, Smith S, Sisko A, et al. Health Spending Projections Through 2016: Modest changes obscure Part D’s impact. Health Affairs. 2007; http://content.healthaffairs.org/cgi/content/abstract/hlthaff.26.2.w242

Reference

Title
Health Spending Projections Through 2016: Modest changes obscure Part D’s impact
Publication
Health Affairs
Publication Date
2007
Authors
Poisal J, Truffler C, Smith S, Sisko A, et al.
URL
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Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • In 2007, growth in national health spending is projected to decelerate slightly to 6.6%, while spending growth among private payers and Medicaid accelerates.  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.  
  • Out-of-pocket spending for health care was $249.4 billion in 2005.  
  • Hospital spending is projected to reach $746.5 billion in 2008.  
  • 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.