Estimating the Monetary Benefits of Medicare Eligibility for Reducing the Symptoms of Dementia

15 Pages Posted: 7 Aug 2018

Date Written: January 2, 2018

Abstract

We adopt a three component method based on the idea of cost-saving for estimating the monetary benefits of Medicare eligibility for reducing dementia symptoms. The method involves Medicare eligibility lowering dementia symptoms, which reduces the need for dependent living, which in turn lowers caregiving costs. We use the Regression Discontinuity approach first utilized by Card et al. (2008, 2009) to establish a causal link between Medicare eligibility and dementia. The novel aspect of the study comes from using a quality of life proxy measure for the utility function to derive the marginal rate of substitution between dementia symptoms reduction and dependent living arrangements.

Keywords: Dementia, Medicare, Benefits, Cost-Benefit Analysis,Economics of the Elderly, Health Production

JEL Classification: D61, J14, I12

Suggested Citation

Brent, Robert J, Estimating the Monetary Benefits of Medicare Eligibility for Reducing the Symptoms of Dementia (January 2, 2018). Available at SSRN: https://ssrn.com/abstract=3215388 or http://dx.doi.org/10.2139/ssrn.3215388

Robert J Brent (Contact Author)

Fordham University ( email )

Department of Economics
441 E Fordham Road
Bronx, NY 10458
United States
718 817 4058 (Phone)

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