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Medicaid and the Elderly

Author

Listed:
  • Mariacristina De Nardi
  • Eric French
  • John Bailey Jones

Abstract

The brief’s key findings are: *Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care. *The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in their late 90s. *Even higher-income retirees who never receive Medicaid benefit from the insurance value that it provides, which allows them to maintain smaller reserves. *The analysis suggests that single retirees of all incomes value current Medicaid benefits at more than their cost but an expansion at less than its cost.

Suggested Citation

  • Mariacristina De Nardi & Eric French & John Bailey Jones, 2014. "Medicaid and the Elderly," Issues in Brief ib2014-10, Center for Retirement Research.
  • Handle: RePEc:crr:issbrf:ib2014-10
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    File URL: http://crr.bc.edu/briefs/medicaid-and-the-elderly/
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    Cited by:

    1. Mariacristina De Nardi & Eric French & John Bailey Jones, 2016. "Medicaid Insurance in Old Age," American Economic Review, American Economic Association, vol. 106(11), pages 3480-3520, November.
    2. repec:eee:hapoch:v1_237 is not listed on IDEAS
    3. repec:eee:hapoch:v1_457 is not listed on IDEAS
    4. Wagner, Kathryn L., 2016. "Shock, but no shift: Hospitals' responses to changes in patient insurance mix," Journal of Health Economics, Elsevier, vol. 49(C), pages 46-58.
    5. Fang, H., 2016. "Insurance Markets for the Elderly," Handbook of the Economics of Population Aging, Elsevier.

    More about this item

    JEL classification:

    • H1 - Public Economics - - Structure and Scope of Government
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • I13 - Health, Education, and Welfare - - Health - - - Health Insurance, Public and Private

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