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“Though Much Is Taken”: Reflections on Aging, Health, and Medical Care

In: Health Economics and Policy Selected Writings by Victor Fuchs

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  • VICTOR R. FUCHS

Abstract

Less than one score years ago this nation brought forth a new system of financing health care for the elderly — Medicare. This system, conceived as part of a broad thrust toward a “Great Society” and dedicated to the proposition that high-quality medical care should be freely available to all persons aged 65 and over, is now the subject of intense reexamination. It is altogether fitting and proper that this be done. The rapid rate of growth of health care expenditures, the growing resistance to further increases in governmental taxes or deficits, and the changing circumstances of the elderly make this an appropriate time to ask (and attempt to answer) basic questions about the economic and social forces that affect this age group and this program…

Suggested Citation

  • Victor R. Fuchs, 2018. "“Though Much Is Taken”: Reflections on Aging, Health, and Medical Care," World Scientific Book Chapters, in: Health Economics and Policy Selected Writings by Victor Fuchs, chapter 33, pages 403-424, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813232877_0033
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    JEL classification:

    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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