A Macroeconomic Analysis of Publicly Funded Health Care
AbstractIn a general equilibrium, overlapping generations framework this paper examines how the tax-benefit system that underlies the U.S. health care system affects the well-being of different age groups, and the lifetime well-being of different socioeconomic groups, as well as society as a whole. We find that the optimal set and generosity of publicly funded health care programs is sensitive to the social welfare function and to the prices that various agents in society pay for medical care. Social welfare under the current financing system is also compared to alternative financing mechanisms such as Medical Savings Accounts. Copyright 2002 by Blackwell Publishing Inc.
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Bibliographic InfoArticle provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.
Volume (Year): 4 (2002)
Issue (Month): 2 ()
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
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Other versions of this item:
- Bednarek, H.L. & Pecchenino, R.A., 1999. "A Macroeconomic Analysis of Publicly Funded Healthcare," Papers 9905, Michigan State - Econometrics and Economic Theory.
- H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
- H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
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- Atsue Mizushima, 2007.
"Intergenerational Transfers of Time and Public Long-term Care with an Aging Population,"
Discussion Papers in Economics and Business
07-04, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
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- Atsue Mizushima, 2008. "Intergenerational Transfers of Time and Public Long-term Care with an Aging Population," Economics Working Papers ECO2008/36, European University Institute.
- Tabata, Ken, 2005. "Population aging, the costs of health care for the elderly and growth," Journal of Macroeconomics, Elsevier, vol. 27(3), pages 472-493, September.
- Ken-ichi Hashimoto & Ken Tabata, 2010. "Population aging, health care, and growth," Journal of Population Economics, Springer, vol. 23(2), pages 571-593, March.
- Christina M. L. Kelton & Robert P. Rebelein, 2007.
"A General-Equilibrium Analysis of Public Policy for Pharmaceutical Prices,"
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 9(2), pages 285-318, 04.
- Kelton, Christina M.L. & Rebelein, Robert P., 2005. "A General-Equilibrium Analysis of Public Policy for Pharmaceutical Prices," Vassar College Department of Economics Working Paper Series 78, Vassar College Department of Economics.
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