End-of-Life Medical Expenses

49 Pages Posted: 20 Aug 2019

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

Jeremy McCauley

University College London

Elaine Kelly

Health Foundation

Multiple version iconThere are 2 versions of this paper

Date Written: August 2019

Abstract

In this review, we document end-of-life medical spending: its level, composition, funding and contribution to aggregate medical spending, both for the US and abroad. We discuss how end-of-life expenses affects household savings and other financial behaviour such as insurance choices. Lastly, we review economic evidence on the efficacy of medical spending at the end of life, assessing the value of palliative and other care for both longevity and patient satisfaction.

Keywords: End of Life, Insurance, medical spending, Savings

JEL Classification: I12, I13

Suggested Citation

French, Eric and Jones, John B. and McCauley, Jeremy and Kelly, Elaine, End-of-Life Medical Expenses (August 2019). CEPR Discussion Paper No. DP13913, Available at SSRN: https://ssrn.com/abstract=3439467

Eric French (Contact Author)

Department of Economics ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

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 )

Bus Admin 110
1400 Washington Avenue
Albany, NY 12222
518-442-4926 (Phone)

Jeremy McCauley

University College London ( email )

Elaine Kelly

Health Foundation ( email )

United States

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