Medicaid Insurance in Old Age

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Medicaid Insurance in Old Age.

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 ...

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Medicaid Insurance in Old Age Preliminary and Incomplete

There are two main pathways to Medicaid eligibility for people over age 65: either having low assets and income, or being impoverished by large medical expenses. The first group of recipients mostly consists of the life-long poor, while the second group includes people who became poor only after incurring large medical expenses late in life. We document Medicaid take-up rates by age, permanent ...

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Nber Working Paper Series Medicaid Insurance in Old Age

The old age provisions of the Medicaid program were designed to insure poor retirees against medical expenses. However, it is the rich who are most likely to live long and face expensive medical conditions when very old. We estimate a rich structural model of savings and endogenous medical spending with heterogeneous agents, and use it to compute the distribution of lifetime Medicaid transfers ...

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Old-Age Insurance Benefits, 1955

with respect to the proportion of oldage assistance recipients receiving old-age and survivors insurance. As the coverage of the insurance Program becomes virtually universal, this proportion will no doubt aPpreach loo percent. It will never reach it, however, because many individuals at the lowest economic levels (low-income farmers and migratory and occasional farm and domestic workers) will ...

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Old-Age and Survivors Insurance

for old-age and survivors insurance to reach full maturi ty, it is still in its childhood. The number of beneficiaries today is only a fraction of the number who will be receiving benefits 1 0 or 1 5 years hence. Acceptance by employers and workers of the idea of social insurance protection for old people and survivors, however, has been little short of phenomenal. This general acceptance is th...

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ژورنال

عنوان ژورنال: American Economic Review

سال: 2016

ISSN: 0002-8282

DOI: 10.1257/aer.20140015