000 02291cam a22003137 4500
001 w1269
003 NBER
005 20211020115253.0
006 m o d
007 cr cnu||||||||
008 210910s1984 mau fo 000 0 eng d
100 1 _aFuchs, Victor R.
245 1 0 _a"Though Much is Taken" -- Reflections on Aging, Health, and Medical Care /
_cVictor R. Fuchs.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c1984.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w1269
500 _a1984.
520 3 _aThe Medicare trust funds face huge prospective deficits by the end of this decade.This paper discusses trends in six areas that bear on the Medicare problem: the number of the elderly, their health status, use of medical care, labor force participation, income, and living arrangements. Among the most important findings are: 1) a very large increase since 1965 in life expectancy at age 65; 2) a very large increase since 1976 in real per capita health care expenditures on the elderly relative to expenditures on persons under age 65; 3) a cross-sectional increase with age in per capita health care expenditures that is primarily attributable to very large expenditures in the last year of life; 4) a sharp decrease in labor force participation and a sharp increase in relative income of the elderly since 1965.The paper concludes by raising questions about the need to reconsider the definition of the elderly, the need for more flexible labor market arrangements for older workers, and a need for a social consensus concerning appropriate care of dying patients.
530 _aHardcopy version available to institutional subscribers
538 _aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538 _aMode of access: World Wide Web.
588 0 _aPrint version record
690 7 _aH - Public Economics
_2Journal of Economic Literature class.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w1269.
856 4 0 _uhttps://www.nber.org/papers/w1269
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w1269
942 _2ddc
_cW-PAPER
999 _c347305
_d305867