The Evolution of Out-of-Hospital Medical Costs to and through Retirement

Johar, M

The Evolution of Out-of-Hospital Medical Costs to and through Retirement

Johar, M

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Publication Type:: Journal Article
Citation:: Economic Papers, 2017, 36 (1), pp. 17 - 31
Issue Date:: 2017-03-01

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Field	Value	Language
dc.contributor.author	Johar, M https://orcid.org/0000-0002-2381-1741	en_US
dc.date.available	2020-05-25T19:23:42Z
dc.date.issued	2017-03-01	en_US
dc.identifier.citation	Economic Papers, 2017, 36 (1), pp. 17 - 31	en_US
dc.identifier.issn	0812-0439	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124512
dc.description.abstract	© 2016 The Economic Society of Australia This paper shows how the cost of out-of-hospital medical services and prescription drugs change as Australians enter and live through retirement. We use a sample of over 65,000 retired individuals aged forty-five and over, and extract their Medicare claims for period 2005–2014. Analysing the expenditure distribution for up to eight years after retirement, the result shows that expenditure on medical services continues to increase while pharmaceutical expenditure declines for most retirees. Partially retired individuals have higher medical service cost but lower pharmaceutical cost, while those retiring prior to Age Pension age have slower growth in medical service and pharmaceutical costs.	en_US
dc.relation.ispartof	Economic Papers	en_US
dc.relation.isbasedon	10.1111/1759-3441.12156	en_US
dc.title	The Evolution of Out-of-Hospital Medical Costs to and through Retirement	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	36	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	open_access
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	36	en_US

Abstract:

© 2016 The Economic Society of Australia This paper shows how the cost of out-of-hospital medical services and prescription drugs change as Australians enter and live through retirement. We use a sample of over 65,000 retired individuals aged forty-five and over, and extract their Medicare claims for period 2005–2014. Analysing the expenditure distribution for up to eight years after retirement, the result shows that expenditure on medical services continues to increase while pharmaceutical expenditure declines for most retirees. Partially retired individuals have higher medical service cost but lower pharmaceutical cost, while those retiring prior to Age Pension age have slower growth in medical service and pharmaceutical costs.

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http://hdl.handle.net/10453/124512