Wednesday, June 2, 2010

Estimating the Magnitude and Age Distribution of Lifetime Healthcare Expenditures

Research Paper by Berhanu Alemayehu and Kenneth E Warner

Principal Findings:
Per capita lifetime expenditure is $316,600, a third higher for females ($361,200) than males ($268,700). Two-fifths of this difference owes to womens' longer life expectancy. Nearly one-third of lifetime expenditures is incurred during middle age, and nearly half during the senior years. For survivors to age 85, more than one-third of their lifetime expenditures will accrue in their remaining years.

Given the essential demographic phenomenon of our time, the rapid aging of the population, our findings lend increased urgency to understanding and addressing the interaction between aging and health care spending.

Link to Full Paper