A Note on Income Effects and Health Care Cost Growth in Medicare

Q3 Economics, Econometrics and Finance

Forum for Health Economics and Policy Pub Date : 2014-02-01 DOI:10.1515/fhep-2013-0001

T. Mcguire

引用次数: 3

Abstract

Abstract This paper sets out a model of technical change and health care cost growth for a representative Medicare beneficiary facing a budget constraint. Derivation of an explicit expression for health care cost growth shows how technological change and preferences, including income effects, affect cost growth. The analysis highlights the role of the 76% subsidy from current taxpayers to Medicare beneficiaries for purchase of health insurance. This subsidy insulates beneficiaries from the income effects of cost growth by shifting the costs and income effects to taxpayers. Simulations show that over the next 10–20 years, income effects will have little effect on cost growth in Medicare.

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关于医疗保险的收入效应和医疗保健成本增长的说明

摘要本文提出了一个具有代表性的医疗保险受益人面临预算约束的技术变革和医疗保健成本增长模型。对医疗保健成本增长的显式表达式的推导表明，技术变革和偏好，包括收入效应，如何影响成本增长。分析强调了当前纳税人向医疗保险受益人提供的76%的医疗保险补贴的作用。这种补贴通过将成本和收入效应转移到纳税人身上，使受益人免受成本增长的收入效应的影响。模拟显示，在未来10-20年，收入效应对医疗保险成本增长的影响微乎其微。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Forum for Health Economics and Policy Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： Forum for Health Economics & Policy (FHEP) showcases articles in key substantive areas that lie at the intersection of health economics and health policy. The journal uses an innovative structure of forums to promote discourse on the most pressing and timely subjects in health economics and health policy, such as biomedical research and the economy, and aging and medical care costs. Forums are chosen by the Editorial Board to reflect topics where additional research is needed by economists and where the field is advancing rapidly. The journal is edited by Katherine Baicker, David Cutler and Alan Garber of Harvard University, Jay Bhattacharya of Stanford University, Dana Goldman of the University of Southern California and RAND Corporation, Neeraj Sood of the University of Southern California, Anup Malani and Tomas Philipson of University of Chicago, Pinar Karaca Mandic of the　University of Minnesota, and John Romley of the University of Southern California. FHEP is sponsored by the Schaeffer Center for Health Policy and Economics at the University of Southern California. A subscription to the journal also includes the proceedings from the National Bureau of Economic Research''s annual Frontiers in Health Policy Research Conference. Topics: Economics, Political economics, Biomedical research and the economy, Aging and medical care costs, Nursing, Cancer studies, Medical treatment, Others related.