The Financial Burden of Prescription Drug Use Among Elderly Persons | Zendy

Jeannette Rogowski | Zendy; Lee A. Lillard | Zendy; Raynard Kington | Zendy

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The Financial Burden of Prescription Drug Use Among Elderly Persons

Author(s) -

Jeannette Rogowski,

Lee A. Lillard,

Raynard Kington

Publication year - 1997

Publication title -

the gerontologist

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.524

H-Index - 138

eISSN - 1758-5341

pISSN - 0016-9013

DOI - 10.1093/geront/37.4.475

Subject(s) - medical prescription , panel study of income dynamics , prescription drug , health insurance , medicine , environmental health , panel data , drug , gerontology , health care , demographic economics , economics , economic growth , psychiatry , pharmacology , econometrics

Expenditures for prescription drugs are not covered by Medicare and are thus a potential source of large out-of-pocket expenditures for elderly persons. This study, using a new data source, the 1990 Elderly Health Supplement to the Panel Study of Income Dynamics (PSID), demonstrates that, among elderly persons, insurance coverage for drugs reduces the fraction of household income spent on prescription drugs by 50 percent. Groups most likely to benefit from insurance coverage are elderly women and those with common chronic conditions, low incomes, and rural residences.

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