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Q: How much spent on medications and office visits. ( Answered,   0 Comments )
Question  
Subject: How much spent on medications and office visits.
Category: Health > Medicine
Asked by: dho1115-ga
List Price: $50.00
Posted: 01 Sep 2004 09:44 PDT
Expires: 01 Oct 2004 09:44 PDT
Question ID: 395633
Hello;
I need some information. I need to know:
1) How much money was spent, total, last year (2003), on prescription medications.
2) How much total was spent on OTC medications.
3) How much the average american spends on prescription medications.
4) How much money was spent, total on doctor's visits.
5) How much the average person spends each year on doctor's visits.
Note: if you can get me 2002 statistics also, that would be great.
Answer  
Subject: Re: How much spent on medications and office visits.
Answered By: bobbie7-ga on 01 Sep 2004 14:29 PDT
 
Hello dho1115,

Below you will find the results of my research for medications and
office visits statistics.

========================================================
1) How much money was spent, total, last year (2003), on 
prescription medications?
========================================================

The market for retail pharmacy prescription sales in 2003 totaled
US$203.1 billion up 11.2% from US$182.7 billion in 2002 filling over
3.22 billion prescriptions and accounting for an estimated 10% of
total US health.
Business Briefings http://bbriefings.com/cdps/cditem.cfm?NID=972&CID=5&CFID=2914149&CFTOKEN=80907641
2003 total retail Rx sales $203.1 Billion, up 11.2% from $182.7 Billion in 2002

Source: National Association of Chain Drugstores
http://www.nacds.org/wmspage.cfm?parm1=507#rx

Pie charts and statistics
http://www.nacds.org/user-assets/PDF_files/2003results.PDF

A SNAPSHOT OF 2003 Rx MARKET
http://www.drugtopics.com/be_core/content/journals/d/data/2004/0405/dx200304a.html



========================================================
2) How much total was spent on OTC medications?
========================================================

"Americans spend almost $35 billion annually on OTC remedies.?

The Over-the-Counter Time Bomb:  September 12, 2003
http://216.239.59.104/search?q=cache:WqQoclLXO6gJ:www.smartmoney.com/consumer/index.cfm%3Fstory%3D20030911+Americans+spend++billion++over+the+counter+medications&hl=en

In 2001 the OTC market in the US was worth $28 billion. 
http://www.the-infoshop.com/study/kt12523_otc.html



========================================================
3) How much the average American spends on prescription 
medications?
========================================================

The average American spends $335.36 per person on prescription drugs.

?In New York State, consumer spending on prescription drugs is
increasing at a more rapid rate compared to the nation as a whole. The
average New Yorker spends $371.81 on prescription drugs where as the
average American spends $335.36 per person.
New York State AFL-CIO.?

New York State AFL-CIO Task Force on Prescription Drugs
http://www.nysaflcio.org/president_home.htm


According to the Bureau of Labor Statistics, the average American
spends 1 percent of his income on prescription drugs
http://www.findarticles.com/p/articles/mi_m2185/is_5_12/ai_76488227


The average American spends 59 cents a day on prescription drugs

Source: Pharmaceutical Research and Manufacturers of America
http://www.phrma.org/publications/publications/brochure/leading/lead9.cfm


Consumer Expenditure Survey 2002
Average annual expenditures
Americans spend about $487 on drugs a year. 
ftp://ftp.bls.gov/pub/special.requests/ce/standard/2002/age.txt


Consumer Expenditure Survey 2001
Average annual expenditures
Americans spend about $449 on drugs a year. 
ftp://ftp.bls.gov/pub/special.requests/ce/standard/2001/age.txt


?The average American household spends roughly $185 on OTC medicines per year?.

U.S. Congress: March 29, 2004  
http://www.house.gov/fossella/pr32904.htm




========================================================
4) How much money was spent, total on doctor's visits.
========================================================


According to a survey released on August 26, 2004, by the U.S. Centers
for Disease Control and Prevention, Americans made an estimated 890
million visits to the doctor in 2002, a 1 percent increase from the
previous year.
CNN
http://www.cnn.com/2004/HEALTH/08/27/health.doctors.reut/


Aug. 27, 2004 
?Americans made an estimated 890 million visits to office-based
doctors in 2002, a 17% increase since 1992.?
http://my.webmd.com/content/article/93/102306.htm?z=1728_00000_1000_nb_02


Aug. 26, 2004
?Americans made an estimated 890 million visits to the doctor in 2002,
a 1 percent increase from the previous year, according to a survey
released Thursday by the U.S. Centers for Disease Control and
Prevention.?
http://msnbc.msn.com/id/5831277/


?The average emergency-room visit costs $383, while the average doctor
visit costs $60, according to John Maginnis, spokesperson for Blue
Cross and Blue Shield of Louisiana.?
Non-emergency use of ER increases costs: July 25. 2004
http://www.houmatoday.com/apps/pbcs.dll/article?AID=/20040725/BUSINESS03/407250307/1108/business0301


The average doctor visit costs $60
http://www.healthnowny.com/hnny_dspy.php?file=hnny_lett_hhmo_dollars.html


Using the above figures, an estimated $53,400,000,000 was spent on doctors visits.


========================================================
5) How much the average person spends each year on 
doctor's visits?
========================================================

Consumer Expenditure Survey 2002
Average annual expenditures
Medical services.........................      $590
ftp://ftp.bls.gov/pub/special.requests/ce/standard/2002/age.txt

Consumer Expenditure Survey 2001
Average annual expenditures
Medical services.........................      $573       
ftp://ftp.bls.gov/pub/special.requests/ce/standard/2001/age.txt

?Each year, a family spends $2,000 on doctor visits and other
qualified medical expenses.?
Yahoo Finance: August 2004
http://biz.yahoo.com/ts/040826/10179814_5.html





Search terms used:
Americans spend  * billion  over the counter medications
"Average American spends? on "prescription drugs OR medications?
Americans spend * on doctors visits each year
Physician visits billion
Doctors visits billion
Spend annually on doctors visits
Prescription Drugs
OTC drugs

I hope you find this information useful!

Best regards,
Bobbie7
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