Per capita health care spending for older Americans grew 4.1 percent from 2002 to 2010, which is the lowest among any other age groups studied, according to a new report from the Centers for Medicare & Medicaid Services’ Office of the Actuary.
The report examines aggregate and per capita health spending by gender and major age groups. The estimates of health spending by age and gender reflect the types of goods and services delivered including hospital care, physician and clinical services, retail prescription drugs and the programs and payers for that care such as Medicare, Medicaid and private health insurance.
Slower Medicare spending and continued slow growth in spending for nursing care centers and continuing care retirement communities contributed to the slow rate of growth, according to the report. Additionally, private health insurance spending per enrollee for people ages 65 and older grew at 3% annually over the time period. That’s the slowest growth rate of private health insurance among major age groups.
The study also reveals that out-of-pocket spending per person for the elderly declined 0.4 percent annually over this period.
Interestingly, despite the lower rate of growth among older adults, per person spending by seniors in 2010 at $18,424 was about three times more than the average for working adults at $6,125 and five times more than children at $3,628.
End of Life, Federal Agency Activity, Health and Wellness
The White House Conference on Aging has issued a policy brief on healthy aging – the first in a series of briefs it plans to release this year. The...
End of Life, Health and Wellness, Managed Risk
The Suicide Prevention Resource Center has published online a new information sheet, the Role of Senior Living Community Professionals in Preventing S...
Health and Wellness, Hearings, Managed Risk, Medication Management, Memory Care Best Practices and Research, Memory Care Education
Two senators last week sent a letter seeking more information from the Health and Human Services Department on its efforts to address the improper pre...
Affiliate/Chapter Logo, Disabilities, Family Relations, Health and Wellness, Managed Risk
The National Council on Aging has announced this year’s theme for Falls Prevention Awareness Day, “Take a Stand to Prevent Falls.”
End of Life, Health and Wellness, Reports
Policy needs and implications of an aging society must be addressed through restructured workplace policies, more efficient public spending to accommo...