IDEAS home Printed from https://ideas.repec.org/p/epo/papers/2008-33.html
   My bibliography  Save this paper

The Impact of the Medicare Drug Benefit on Health Care Spending by Older Households

Author

Listed:
  • Dean Baker
  • Ben Zipperer

Abstract

This report uses data from the Bureau of Labor Statistics Consumer Expenditure Survey from 2004 to 2006 as well as data from the Congressional Budget Office to analyze the savings in prescription drug spending for seniors as a result of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (MMA). The results show that the 1st income quintile of seniors experienced a fall in the rate of expenditures for prescription drugs and the 2nd income quintile saw a slowing of the rate of increase in expenditures. However, senior households in the middle- and upper-income quintiles saw a rise in expenditures for prescription drugs.

Suggested Citation

  • Dean Baker & Ben Zipperer, 2008. "The Impact of the Medicare Drug Benefit on Health Care Spending by Older Households," CEPR Reports and Issue Briefs 2008-33, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2008-33
    as

    Download full text from publisher

    File URL: http://www.cepr.net/documents/publications/Impact-of-Medicare-Drug-Benefit-2008-12.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    medicare; prescription drugs; MMA; senior citizens; health care;
    All these keywords.

    JEL classification:

    • I - Health, Education, and Welfare
    • I1 - Health, Education, and Welfare - - Health
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:epo:papers:2008-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/ceprdus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.