Silver Book Fact

The share of elderly with impairments in their ability to live independently went down between 1% and 1.5% annually between 1984 and 2004, compared to the historical annual decline in chronic disability of 0.6% between 1910 and 1985.

Cutler D. Are the Benefits of Medicine Worth What We Pay for It? 15th Annual Herbert Lourie Memorial Lecture on Health Policy. Center for Policy Research Briefs. 2004; 27. http://ideas.repec.org/p/max/cprpbr/27.html

Reference

Title
Are the Benefits of Medicine Worth What We Pay for It? 15th Annual Herbert Lourie Memorial Lecture on Health Policy
Publication
Center for Policy Research Briefs
Publication Date
2004
Authors
Cutler D
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Human Value

Related Facts

  • New Medicines Account for 40% of Increase in Life Expectancy  
  • Using Newer Medicines Results in Savings of $111 per Treated Condition  
  • Medicines in Development for Older Americans, 2008  
  • For each $1 spent on newer pharmaceuticals. $6.17 is saved in total health care spending. $4.44 of this savings is in hospital spending alone.  
  • Eliminating hypertension in all elderly persons would result in 75 million additional disability-adjusted life years (DALYs) and reduce Medicare spending by around $890 billion.