Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.
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The percentage of recommended care received by Medicare beneficiaries was 3.2% higher than those who did not have health insurance.
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Chronic disease cost $42 trillion in treatment costs and economic output.
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The national average annual cost for a private room (single occupant) in a Medicare certified nursing home is $70,912 ($194.28/day). This is a 2.2% increase from 2005 rates.
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In 2001, 5% of Medicare beneficiaries accounted for 43% of Medicare spending. For these beneficiaries, health care spending averaged around $63,000 per year. The bottom 50% of beneficiaries… [ Get More Details ]