Predicting Health Care Expenditures with the MCMC Procedure
نویسنده
چکیده
Substantial variation, excess zeros, skew and extreme outliers make fitting and predicting health care expenditures rather difficult. This paper presents a Bayesian model that uses the first year of the fourteenth panel (2009-2010) of the nationally representative Medical Expenditures Panel Survey (MEPS) to predict health care expenditures for individuals in the second year. The merits of a Bayesian approach are examined and compared to classical alternatives. Implementation in the MCMC procedure is presented in detail, and model diagnostics and validation are discussed.
منابع مشابه
Comparative performance of comorbidity indices in predicting health care-related behaviors and outcomes among Medicaid enrollees with type 2 diabetes.
No single gold standard of comorbidity measure has been identified, and the performance of comorbidity indices vary according to the outcome of interest. The authors compared the Charlson Comorbidity Index, Elixhauser Index (EI), Chronic Disease Score (CDS), and Health-related Quality of Life Comorbidity Index (HRQL-CI) in predicting health care-related behaviors (physicians' concordance with d...
متن کاملINVESTIGATING THE MUTUAL RELATIONSHIP BETWEEN PRIVATE AND STATE EDUCATIONAL AND HEALTH CARE EXPENDITURES WITH THE ECONOMIC GROWTH OF IRAN) A CAUSALITY APPROACH) )
Investment in education and health sector, as human capital, has an important role in economic growth and its enhancement in many countries. Lots of studies have been carried out in this field; however, the effect of simultaneous analysis of education and health, as well as the private and state sectors in economic growth of Iran has not been investigated. Thus, in the present study mutual rela...
متن کاملInvestigation the Consumer Choice in the Use of Dental Services Care Applying Hekman Two-Step Procedure
Considering the health importance in development process of countries, this study investigates factors affecting various types of dental care services participation and related expenditures as one of the most important aspects of oral health. For this reason, a sample of almost 40000 Iranian households in 2016 is selected and the impact of the mentioned factors analyzed using Heckman’s two-stag...
متن کاملInequality in the Distribution of Health Expenditures in 22 Districts of Tehran
Background and purpose: In 2000 World Health Organization (WHO) has announced the fairness of financial contribution to health care costs, as one of the three goals of health systems. However, conducted studies in Iran reflect the dire situation in the context of health equity in terms of financing health care costs. The aim of the present study is to determine the disparities in health expendi...
متن کاملHealth Expenditures in Developing Countries: Determinants and Guidelines
Background: In this paper, the health expenditures function of developing countries is estimated with a panel data model. Methods: All credible determinants of health expenditures in these countries are probed and their coefficients are found out. Variables that affect health expenditures in developing countries are income, demographic features, social characteristics, and technological progr...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2013