Medicaid and the Elderly

Mariacristina De Nardi, Eric French and John Jones

Issues in Brief from Center for Retirement Research

Abstract: The brief’s key findings are: *Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care. *The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in their late 90s. *Even higher-income retirees who never receive Medicaid benefit from the insurance value that it provides, which allows them to maintain smaller reserves. *The analysis suggests that single retirees of all incomes value current Medicaid benefits at more than their cost but an expansion at less than its cost.

Pages: 7 pages
Date: 2014-06
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Related works:
Journal Article: Medicaid and the elderly (2012)
Working Paper: Medicaid and the Elderly (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:crr:issbrf:ib2014-10

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