Medicaid Insurance in Old Age

Eric French

No 155, 2016 Meeting Papers from Society for Economic Dynamics

Abstract: The old age provisions of the Medicaid program were designed to insure re- tirees 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. Compensat- ing variation calculations indicate that current retirees value Medicaid insur- ance 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.

Date: 2016
New Economics Papers: this item is included in nep-age, nep-dge, nep-hea and nep-ias
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Citations: View citations in EconPapers (67)

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Related works:
Journal Article: Medicaid Insurance in Old Age (2016)
Working Paper: Medicaid Insurance in Old Age (2013)
Working Paper: Medicaid insurance in old age (2012)
Working Paper: Medicaid Insurance in Old Age (2012)
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