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Health Care for the Elderly: How Much? Who Will Pay for It?

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  • Victor R. Fuchs

Abstract

The tendency of health care expenditures on the elderly to grow about 4 percent per annum more rapidly than the Gross Domestic Product could plunge the nation into a severe economic and social crisis within two decades. This paper describes recent growth in age-sex-specific health care utilization by the elderly and discusses the important role of technology in that growth. It also explores the potential for the elderly to pay for additional care through increases in work and savings. Efforts to Medicare embedded in broader policy initiatives that slow the rate of growth of health care expenditures and/or increase the income of the elderly.

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File URL: http://www.nber.org/papers/w6755.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 6755.

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Date of creation: Oct 1998
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Publication status: published as HA, Vol. 18, no. 1 (January/February 1999): 11-21.
Handle: RePEc:nbr:nberwo:6755

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Cited by:
  1. Deborah A. Freund & Don Willison & Grant D. Reeher & Bernie O'Brien & Jarold Cosby & Amy Ferraro, 2000. "Pharmaceuticals and the Elderly: A Comparative Analysis," Center for Policy Research Working Papers 17, Center for Policy Research, Maxwell School, Syracuse University.
  2. Roel van Elk & Esther Mot & P.H. Franses, 2009. "Modelling health care expenditures; overview of the literature and evidence from a panel time series model," CPB Discussion Paper 121, CPB Netherlands Bureau for Economic Policy Analysis.
  3. Máximo Rossi & Patricia Triunfo, 2004. "El Estado de Salud del Adulto Mayor en Uruguay," Documentos de Trabajo (working papers) 1404, Department of Economics - dECON.
  4. R. Todd Jewel & Patricia Triunfo & Máximo Rossi, 2005. "El estado de salud de los jóvenes uruguayos," Documentos de Trabajo (working papers) 1305, Department of Economics - dECON.
  5. Alfons Palangkaraya & Jongsay Yong, 2009. "Population ageing and its implications on aggregate health care demand: empirical evidence from 22 OECD countries," International Journal of Health Care Finance and Economics, Springer, vol. 9(4), pages 391-402, December.
  6. David M. Cutler & Louise Sheiner, 1999. "Demographics and medical care spending: standard and non-standard effects," Finance and Economics Discussion Series 1999-20, Board of Governors of the Federal Reserve System (U.S.).

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