Aging populations and expenditures on health

Malene Kallestrup-Lamb; Alexander O.K. Marin; Seetha Menon; Jes Søgaard

doi:10.1016/j.jeoa.2024.100518

Aging populations and expenditures on health

Malene Kallestrup-Lamb, Alexander O.K. Marin^*, Seetha Menon, Jes Søgaard

^*Corresponding author af dette arbejde

Institut for Økonomi

Publikation: Bidrag til tidsskrift/Konferencebidrag i tidsskrift /Bidrag til avis › Tidsskriftartikel › Forskning › peer review

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Abstract

Aging populations exert upwards pressure on healthcare systems, raising concerns about increasing expenditures on health. This paper reviews the empirical literature on the issue and critically assesses the strengths and weaknesses of the outcomes measured, methodologies used, and the hypotheses tested. While age strongly predicts long-term care expenditure, the time-to-death factor renders the aging effect null for hospital care expenditure. Existing literature disagrees on the importance of age and time-to-death effects on prescription drug and ambulatory care costs. Morbidity and medical innovation mediate these effects, proving crucial for aging-related healthcare expenditure growth. We identify several opportunities for future research including gender differences, utilization of emerging methods, and the importance of institutional settings.

Originalsprog	Engelsk
Artikelnummer	100518
Tidsskrift	Journal of the Economics of Ageing
Vol/bind	29
ISSN	2212-828X
DOI	https://doi.org/10.1016/j.jeoa.2024.100518
Status	Udgivet - okt. 2024

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10.1016/j.jeoa.2024.100518Licens: CC BY

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title = "Aging populations and expenditures on health",

abstract = "Aging populations exert upwards pressure on healthcare systems, raising concerns about increasing expenditures on health. This paper reviews the empirical literature on the issue and critically assesses the strengths and weaknesses of the outcomes measured, methodologies used, and the hypotheses tested. While age strongly predicts long-term care expenditure, the time-to-death factor renders the aging effect null for hospital care expenditure. Existing literature disagrees on the importance of age and time-to-death effects on prescription drug and ambulatory care costs. Morbidity and medical innovation mediate these effects, proving crucial for aging-related healthcare expenditure growth. We identify several opportunities for future research including gender differences, utilization of emerging methods, and the importance of institutional settings.",

keywords = "Expenditures on health, Population aging, Red Herring hypothesis, Steepening hypothesis",

author = "Malene Kallestrup-Lamb and Marin, {Alexander O.K.} and Seetha Menon and Jes S{\o}gaard",

note = "Publisher Copyright: {\textcopyright} 2024 The Authors",

year = "2024",

month = oct,

doi = "10.1016/j.jeoa.2024.100518",

language = "English",

volume = "29",

journal = "Journal of the Economics of Ageing",

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T1 - Aging populations and expenditures on health

AU - Kallestrup-Lamb, Malene

AU - Marin, Alexander O.K.

AU - Menon, Seetha

AU - Søgaard, Jes

PY - 2024/10

Y1 - 2024/10

N2 - Aging populations exert upwards pressure on healthcare systems, raising concerns about increasing expenditures on health. This paper reviews the empirical literature on the issue and critically assesses the strengths and weaknesses of the outcomes measured, methodologies used, and the hypotheses tested. While age strongly predicts long-term care expenditure, the time-to-death factor renders the aging effect null for hospital care expenditure. Existing literature disagrees on the importance of age and time-to-death effects on prescription drug and ambulatory care costs. Morbidity and medical innovation mediate these effects, proving crucial for aging-related healthcare expenditure growth. We identify several opportunities for future research including gender differences, utilization of emerging methods, and the importance of institutional settings.

AB - Aging populations exert upwards pressure on healthcare systems, raising concerns about increasing expenditures on health. This paper reviews the empirical literature on the issue and critically assesses the strengths and weaknesses of the outcomes measured, methodologies used, and the hypotheses tested. While age strongly predicts long-term care expenditure, the time-to-death factor renders the aging effect null for hospital care expenditure. Existing literature disagrees on the importance of age and time-to-death effects on prescription drug and ambulatory care costs. Morbidity and medical innovation mediate these effects, proving crucial for aging-related healthcare expenditure growth. We identify several opportunities for future research including gender differences, utilization of emerging methods, and the importance of institutional settings.

KW - Expenditures on health

KW - Population aging

KW - Red Herring hypothesis

KW - Steepening hypothesis

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U2 - 10.1016/j.jeoa.2024.100518

DO - 10.1016/j.jeoa.2024.100518

M3 - Journal article

AN - SCOPUS:85196797163

SN - 2212-828X

VL - 29

JO - Journal of the Economics of Ageing

JF - Journal of the Economics of Ageing

M1 - 100518

ER -

Aging populations and expenditures on health

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