Browsing Reports by Subject "health care costs"
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$1.5 Billion and Growing: Economic Contribution of Older AlaskansNearly $1.5 billion a year flows into Alaska from a source that doesn’t depend on oil or fish or gold, isn’t influenced by world markets, and isn’t seasonal. That cash flow roughly equals what fishermen were paid in 2005 for their Alaska seafood harvests, or the value of zinc, gold, and other metals mined in Alaska in 2004. It’s close to what tourists spend here every summer. What’s the source? Retired Alaskans. The 52,000 retirees age 60 or older brought an estimated $1.46 billion into the state in 2004. About 75% is from Social Security and pensions. Most of the rest is spending by governments and private insurers for health-care costs of retired Alaskans. ISER estimates that spending by retirees supports about 11,700 jobs—or nearly 4% of Alaska’s wage and salary jobs. This summary reports ISER’s findings about the economic contributions of older Alaskans, describes who they are, and estimates how their numbers are likely to grow.
Cost of Health Care In AlaskaHealth care in Alaska cost an estimated $1.6 billion in fiscal 1991. That’s 50 percent more than it cost to operate Alaska’s public schools in 1990 ($1 billion). It’s close to what the military spent for its bases and personnel and equipment in Alaska in 1989 ($1.9 billion). It equals one-third of the money on deposit in Alaska banks and credit unions in 1990 ($4.8 billion). It’s nearly half of what Alaskans spent at grocery stores, restaurants, and other retail establishments in 1987 ($3.6 billion). This Research Summary details fiscal 1991 health care spending in Alaska. It also looks at why health care costs have escalated and how spending in Alaska compares with the national average. We define health care spending to include all spending for personal care, program administration, and public health programs. We did not estimate spending for construction of health facilities and for medical research. The information presented here was developed by Alexandra Hill and Scott Goldsmith of ISER and the state’s Health Resources and Access Task Force.