publication . Preprint . 2009

Health Care, Health Insurance, and the Relative Income of the Elderly and Nonelderly

Gary Burtless; Pavel Svaton;
Open Access
  • Published: 01 Jan 2009
Abstract
Cash income offers an incomplete picture of the resources available to finance household consumption. Most American families are covered by an insurance plan that pays for some or all of the health care they consume. Only a comparatively small percentage of families pay for the full cost of this insurance out of their cash incomes. As health care has claimed a growing share of consumption, the percentage of care that is financed out of household incomes has declined. Because health care consumption is more important for some groups in the population than others, the growth in spending and changes in the payment system for medical care have reduced the value of s...

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