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Aging and health financing in the U.S.: A general equilibrium analysis

Jung, Juergen; Tran, Chung; Chambers, Matthew

Description

We quantify the effects of population aging on the U.S. healthcare system. Our analysis is based on a stochastic general equilibrium overlapping generations model of endogenous health accumulation calibrated to match pre-2010 U.S. data. We find that population aging not only leads to large increases in medical spending but also a large shift in the relative size of private vs. public insurance. Without the Affordable Care Act (ACA), aging by itself leads to a 40% increase in health expenditures...[Show more]

CollectionsANU Research Publications
Date published: 2017
Type: Journal article
URI: http://hdl.handle.net/1885/232471
Source: European Economic Review
DOI: 10.1016/j.euroecorev.2017.09.005

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