| Projecting long term medical spending growth. | |
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MedLine Citation:
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PMID: 17459502 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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We present a dynamic general equilibrium model of the U.S. economy and the medical sector in which the adoption of new medical treatments is endogenous and the demand for medical services is conditional on the state of technology. We use this model to prepare 75-year medical spending forecasts and a projection of the Medicare actuarial balance, and we compare our results to those obtained from a method that has been used by government actuaries. Our baseline forecast predicts slower health spending growth in the long run and a lower Medicare actuarial deficit relative to the previous projection methodology. |
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Authors:
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Christine Borger; Thomas F Rutherford; Gregory Y Won |
Publication Detail:
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Type: Journal Article Date: 2007-03-18 |
Journal Detail:
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Title: Journal of health economics Volume: 27 ISSN: 0167-6296 ISO Abbreviation: J Health Econ Publication Date: 2008 Jan |
Date Detail:
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Created Date: 2008-01-08 Completed Date: 2008-04-18 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 8410622 Medline TA: J Health Econ Country: Netherlands |
Other Details:
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Languages: eng Pagination: 69-88 Citation Subset: H |
Affiliation:
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Office of the Actuary, Centers for Medicare and Medicaid Services, US Department of Health and Human Services, USA. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Actuarial Analysis Economics / trends Forecasting Health Care Sector / statistics & numerical data, trends Health Expenditures / statistics & numerical data, trends* Humans Medicare / economics*, trends Models, Economic* Technology, Medical / economics, trends United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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