Silver Book Fact

The health share of the GDP is expected to increase to 16.3% in 2007.

Health Spending Projections Through 2017: The Baby-Boom Generation Is Coming To Medicare. Health Affairs (Web Exclusives) Web site. http://content.healthaffairs.org/cgi/content/abstract/hlthaff.27.2.w145v1. Published February 2008

Reference

Title
Health Spending Projections Through 2017: The Baby-Boom Generation Is Coming To Medicare
Publication
Health Affairs (Web Exclusives)
Publication Date
Published February 2008
Authors
Keehan, Sean, Andrea Sisko, Christopher Truffer, Sheila Smith, Cathy Cowan, John Poisal, M. Kent Clemens
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Spending on physician and clinical services is expected to reach $508.5 billion in 2008.  
  • In 2003, Medicare beneficiaries with excellent health spent $2,845 (16% of their income) on health care.  
  • 99% of Medicare spending is on behalf of beneficiaries with at least 1 chronic condition. 96% of Medicare spending is on behalf of beneficiaries with multiple chronic conditions.  
  • In 2010, national health spending was estimated at $2.6 trillion.  
  • About 80% of the senior population has 1 or more chronic conditions. Because of these conditions, 25% are limited in their ability to perform activities of daily living.