GERO 350 Lecture Notes - Lecture 5: Chronic Care
12 Sep 2018
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Document Summary
A ,000 hospital stay in 1965 would cost ,267 in 2017 dollars. 5,000 dollars in 1965 would be worth wonly ,915 dollars in 2017. 1965 tuition, room and board at a public university ,105. 2017 if inflation had kept pace ,600. Likely experience in and through the system. Strengths o the system for this individual. Weaknesses of the system for his individual. Chronic care paradox: a healthcare system designed for acute care, when chronic care is needed. Us healthcare paradox: spending more but getting less. In 2014, the us spend more than 2. 6 trillion dollars on healthcare. Adjusting for inflation, this is 5 times as much as in 1970. 1970, healthcare spending accounted for 7% of the gross, national product. In 2002 healthcare spending accounted for 15% of the gnp. By 2050 healthcare spending is projected to consume 21% of the gnp. Currently, the entire federal budget accounts 19% of the gnp.
