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Medicaid Insurance in Old Age
Medicaid Insurance in Old Age
Our Price: $20.00
By Mariacristina De Nardi (au); Eric French (au); John Bailey Jones (au)
Year: 2012
Pages: 44
Binding Paperback
ISBN 978-1-4578-4602-1

Product Code: 1457846020

Medicaid was primarily designed to protect and insure the poor against medical shocks. Yet, poorer people tend to live shorter lifespans and incur lower medical expenses before death than richer people. Taking these and other important dimensions of heterogeneity into account, and carefully modeling key institutional aspects, the authors estimate a structural model of savings and endogenous medical expenses to assess the costs and benets of Medicaid for single retirees. They show that even higher-income retirees benet from Medicaid, if they live long enough for their resources to be depleted by medical expenses. They also nd that all retirees value Medicaid insurance coverage highly, compared to the value of the Medicaid transfers that they actually receive on average. Figures and tables. This is a print on demand report.

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