Modeling Health Care Spending Growth of Older Adults.

ABSTRACT:

Objective

To forecast out-of-pocket health care spending among older adults. Long-term forecasts allow policy makers to explore potential impacts of policy scenarios, but existing microsimulations do not incorporate details of supplemental insurance coverage and income effects on health care spending.

Data sources

Dynamic microsimulation calibrated to survey and administrative data.

Study design

We augment Urban Institute's Dynamic Simulation of Income Model (DYNASIM) with modules that incorporate demand responses and economic equilibria, with dynamics driven by exogenous technological change. A lengthy technical appendix provides details of the microsimulation model and economic assumptions for readers interested in applying these techniques.

Principal findings

SUBMITTER: Hatfield LA 

PROVIDER: S-EPMC5785322 | biostudies-literature | 2018 Feb

REPOSITORIES: biostudies-literature