IDEAS home Printed from https://ideas.repec.org/p/epo/papers/2009-38.html
   My bibliography  Save this paper

Free Trade in Health Care: The Gains from Globalized Medicare and Medicaid

Author

Listed:
  • Dean Baker
  • Hye-Jin Rho

Abstract

The huge gap between the cost of health care in the United States and the cost in other countries with comparable health care outcomes suggests the potential for substantial gains from trade. This paper describes one mechanism for taking advantage of these gains – through a globalization of the country’s Medicare and Medicaid programs. The projections in this paper suggest that the country’s long-term budget situation would be substantially improved if beneficiaries of these two programs over the age of 65 were allowed to take advantage of the lower-cost health care available in other countries (that also have higher life expectancies than the U.S.). This could also allow them to enjoy much higher retirement incomes than they would otherwise receive.

Suggested Citation

  • Dean Baker & Hye-Jin Rho, 2009. "Free Trade in Health Care: The Gains from Globalized Medicare and Medicaid," CEPR Reports and Issue Briefs 2009-38, Center for Economic and Policy Research (CEPR).
  • Handle: RePEc:epo:papers:2009-38
    as

    Download full text from publisher

    File URL: http://www.cepr.net/documents/publications/free-trade-hc-2009-09.pdf
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dean Baker, 2010. "The Budget Deficit Scare Story and the Great Recession," CEPR Reports and Issue Briefs 2010-04, Center for Economic and Policy Research (CEPR).

    More about this item

    Keywords

    Free Trade; healthcare; Medicare; Medicaid;

    JEL classification:

    • F - International Economics
    • F1 - International Economics - - Trade
    • I - Health, Education, and Welfare
    • I1 - Health, Education, and Welfare - - Health
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:epo:papers:2009-38. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/ceprdus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.