Recent Trends in the Probability of High Out-of- Pocket Medical Expenses in the US

Katherine Baird ()

No 675, LIS Working papers from LIS Cross-National Data Center in Luxembourg

Abstract: Objective: This paper measures large out-of-pocket expenses by health condition, income, and elderly status, and estimates changes in them between 2010 and 2013. Data Source: The paper uses nationally-representative household survey data. Study Design: Logistic regression estimates the probabilities of high expenses by demographic groups in the two study years. Households have large out-of-pocket expenses when these exceed 5% or alternatively 10% of income. Data Collection/Abstraction Method: The study uses 99.5% of the 344,000 individuals in the two samples. Principle Findings: Despite favorable conditions, the large numbers of Americans exposed to high out-of-pocket expenditures has not declined much. Conclusions: The magnitude of financial risk and trends in them underscore the need to monitor the ACA’s success in reducing Americans’ exposure to large medical bills.

Keywords: out of pocket; insurance; financing equity; Affordable Care Act (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-06
New Economics Papers: this item is included in nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in SAGE Open Medicine 4 (2016): 2050312116660329. PMC. Web. 22 Nov. 2016.

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Persistent link: https://EconPapers.repec.org/RePEc:lis:liswps:675

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