Silver Book Fact

This year’s outlook for national health spending calls for growth to average 7.2% over the coming decade — 2.1 percentage points faster than projected average annual growth in GDP over the same interval.””

Borger C, Smith S, Truffer C, Keehan S, et al. Health Spending Projections Through 2015: Changes on the horizon. Health Affairs. 2006; 25(2): w61-w73. http://content.healthaffairs.org/cgi/content/abstract/25/2/w61?maxtoshow=&HITS=10&hits=10&RESULTFORMAT=&fulltext=CMS&andorexactfulltext=and&searchid=1&FIRSTINDEX=0&resourcetype=HWCIT

Reference

Title
Health Spending Projections Through 2015: Changes on the horizon
Publication
Health Affairs
Publication Date
2006
Authors
Borger C, Smith S, Truffer C, Keehan S, et al.
Volume & Issue
Volume 25, Issue 2
Pages
w61-w73
URL
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Categories

  • Cost of Disease
  • Future Economic Burden

Related Facts

  • Hospital spending growth increased 7.3% to $696.5 billion in 2007, compared to 6.9% in 2006.  
  • 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.  
  • Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.  
  • In 2006, health care costs for Medicare enrollees age 65 and older were: 25% for inpatient hospital care 16% for prescription drugs 35% for physician/outpatient services 13% for long-term care facilities  
  • Medicare income in 2006 was $437 billion, and expenditures were $408 billion.