End-of-Life Medical Expenses

39 Pages Posted: 10 Dec 2018 Last revised: 29 Apr 2020

See all articles by Eric French

Eric French

Department of Economics; Institute for Fiscal Studies (IFS)

John Bailey Jones

Federal Reserve Bank of Richmond; SUNY at Albany - School of Business

Elaine Kelly

Institute for Fiscal Studies (IFS)

Jeremy McCauley

University College London

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Date Written: 2018-12-04

Abstract

In this review, we document end-of-life medical spending: its level, composition, funding, and contribution to aggregate medical spending. We discuss how end-of-life expenses affect household behavior and economic evidence on the efficacy of medical spending at the end of life. Finally, we document recent trends in health and chronic disease at older ages and discuss what they might imply for end-of-life spending and medical spending in the aggregate.

Keywords: medical spending, household behavior

Suggested Citation

French, Eric and Jones, John B. and Kelly, Elaine and McCauley, Jeremy, End-of-Life Medical Expenses (2018-12-04). FRB Richmond Working Paper No. 18-18, Available at SSRN: https://ssrn.com/abstract=3298012

Eric French (Contact Author)

Department of Economics ( email )

Gower Street
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Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
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John B. Jones

Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States
804 697-8206 (Phone)

HOME PAGE: http://www.albany.edu/~jbjones

SUNY at Albany - School of Business ( email )

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Albany, NY 12222
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Elaine Kelly

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Jeremy McCauley

University College London ( email )

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