Details

Autor(en) / Beteiligte

• De Nardi, Mariacristina
• French, Eric
• Jones, John Bailey

Titel

Medicaid Insurance in Old Age

Ist Teil von

• The American economic review, 2016-11, Vol.106 (11), p.3480-3520

Ort / Verlag

United States: American Economic Association

Erscheinungsjahr

2016

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• The old age provisions of the Medicaid program were designed to insure retirees against medical expenses. We estimate a structural model of savings and medical spending and use it to compute the distribution of lifetime Medicaid transfers and Medicaid valuations across currently single retirees. Compensating variation calculations indicate that current retirees value Medicaid insurance at more than its actuarial cost, but that most would value an expansion of the current Medicaid program at less than its cost. These findings suggest that for current single retirees, the Medicaid program may be of the approximately right size.