PEDIATRICS Vol. 84 No. 6 December 1989, pp. 1096
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AGE AND MEDICAL SPENDING

On average, 85% of an individual's health care expenses are in the last two years of life, reports Business Week magazine, adding that the 11% of the population older than 65 years of age now accounts for 35% of the nation's health care spending. By the year 2040, Americans older than 65 will account for 20% of the population.