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- W3124511291 abstract "It is a truism that demographic change will have major effects on the medical sector. Older people spend more on medical care than younger people, and the population will become increasingly aged over time. The share of the population over age 65, for example, is expected to nearly double by 2050, and the share of the population over age 85 is expected to more than triple. Even making the unrealistic assumption that medical costs increase at the rate of GDP, the increased age of the population alone will cause Medicare spending to nearly double as a share of the economy by 2050 and government nursing home spending to triple." @default.
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- W3124511291 date "2001-02-26" @default.
- W3124511291 modified "2023-09-27" @default.
- W3124511291 title "Demographics and Medical Care Spending: Standard and Nonstandard Effects" @default.
- W3124511291 doi "https://doi.org/10.1017/cbo9780511528545.017" @default.
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