Ageing and health care: inexorable costs versus modest adaptation
This “Working Paper” consists of two documents. The first is a submission to the Productivity Commission inquiry “Implications of an Ageing Australia”. The second is a Research Note “Why Ageing is Unlikely to be a Problem for the Health Sector”. This was the key document submitted to the Productivity Commission. Its abstract is as follows: This note summarises and elaborates some of the results obtained by Richardson and Robertson (1999). It focuses upon an issue which many still find paradoxical, viz, that while older people spend much more upon health than younger people, this does not imply that health expenditures in the next half century will necessarily become a major problem. The reason for this is two-fold. Firstly, there is no necessary relationship between cross sectional and time series data. Secondly, any effect which might arise from ageing per se will be quantitatively small in relation to GDP growth. An important caveat is that ageing may accentuate the cost impact of new technologies in the health sector.
|Date of creation:||Nov 2004|
|Contact details of provider:|| Postal: Centre for Health Economics, Monash University, Building 75, Clayton, Victoria 3800, Australia|
Web page: http://www.buseco.monash.edu.au/centres/che/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:mhe:chewps:2004-150. 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: (Teresa Cheong)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.