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

16 Pages Posted: 17 Nov 1998 Last revised: 7 May 2000

See all articles by Victor R. Fuchs

Victor R. Fuchs

National Bureau of Economic Research (NBER)

Date Written: October 1998

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.

Suggested Citation

Fuchs, Victor R., Health Care for the Elderly: How Much? Who Will Pay for it? (October 1998). NBER Working Paper No. w6755. Available at SSRN: https://ssrn.com/abstract=137510

Victor R. Fuchs (Contact Author)

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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