Aging Risk and Health Care Cost in Korea

25 Pages Posted: 14 Aug 2010

See all articles by Byongho Tchoe

Byongho Tchoe

Korea Institute for Health and Social Affairs (KIHASA)

Sang-Ho Nam

Korea Institute for Health and Social Affairs (KIHASA)

Date Written: February 3, 2009

Abstract

To analyze the impact of population aging on medical costs in South Korea, the authors use several approaches. Observation of the medical cost profile by age showed that, as the data was closer to the present, the medical costs for older people increased. The treatment quantity excluding price index was also increasing for older people. This implies that the medical resources that are allocated to older people are increasing, due to the increased resources applied to extend the expected life span that was enabled through higher income levels, rather than by aging itself.

Suggested Citation

Tchoe, Byongho and Nam, Sang-Ho, Aging Risk and Health Care Cost in Korea (February 3, 2009). Asia Health Policy Program Working Paper No. 3. Available at SSRN: https://ssrn.com/abstract=1658143 or http://dx.doi.org/10.2139/ssrn.1658143

Byongho Tchoe (Contact Author)

Korea Institute for Health and Social Affairs (KIHASA) ( email )

Seoul
United States

Sang-Ho Nam

Korea Institute for Health and Social Affairs (KIHASA) ( email )

Seoul
United States

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