Consequences of health trends and medical innovation for the future elderly
- PMID: 16186147
- PMCID: PMC6205231
- DOI: 10.1377/hlthaff.w5.r5
Consequences of health trends and medical innovation for the future elderly
Abstract
Recent innovations in biomedicine seem poised to revolutionize medical practice. At the same time, disease and disability are increasing among younger populations. This paper considers how these confluent trends will affect the elderly's health status and health care spending over the next thirty years. Because healthier people live longer, cumulative Medicare spending varies little with a beneficiary's disease and disability status upon entering Medicare. On the other hand, ten of the most promising medical technologies are forecast to increase spending greatly. It is unlikely that a "silver bullet" will emerge to both improve health and dramatically reduce medical spending.
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The MCBS sample consists of aged and disabled beneficiaries enrolled in Medicare. It attempts to interview each person twelve times over three years, regardless of whether he resides in the community or in an institution. Each fall a new panel is introduced with a target sample size of 12,000 respondents, and each summer a panel is retired.
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