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Out‐of‐Pocket Health Care Expenditure Patterns and Financial Burden across the Life Cycle Stages
Author(s) -
HONG GONGSOOG,
KIM SOO YEON
Publication year - 2000
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.2000.tb00095.x
Subject(s) - health care , business , demographic economics , economics , public economics , economic growth
This study examines out‐of‐pocket health care expenditure patterns of households and the financial burden of health care costs over the stages of the household life cycle, using the 1995 Consumer Expenditure Survey. The elderly households not only spend more for health care, but they also experience higher financial burdens than other households. Insurance status, liquid assets, life cycle stage, household size, education, and self‐employment status are significant factors affecting the household budge share of health care expenses.