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Aging Risk and Health Care Expenditure in Korea

This paper analyzes the impact of population aging on health care expenditures in Korea. Examination of the age-expenditure profile reveals that health care resources are allocated more for the older cohort of population over time, suggesting significant growth of health care expenditures due to pop...

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Detalles Bibliográficos
Autores principales: Tchoe, Byongho, Nam, Sang-Ho
Formato: Texto
Lenguaje:English
Publicado: Molecular Diversity Preservation International (MDPI) 2010
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2954579/
https://www.ncbi.nlm.nih.gov/pubmed/20948958
http://dx.doi.org/10.3390/ijerph7083235
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author Tchoe, Byongho
Nam, Sang-Ho
author_facet Tchoe, Byongho
Nam, Sang-Ho
author_sort Tchoe, Byongho
collection PubMed
description This paper analyzes the impact of population aging on health care expenditures in Korea. Examination of the age-expenditure profile reveals that health care resources are allocated more for the older cohort of population over time, suggesting significant growth of health care expenditures due to population aging. We contend, however, that population aging is considered as a parameter rather than an independent variable to explain rising health care expenditures. This paper shows that population aging is not found to be a significant determinant of health care expenditures according to the econometric analysis using OECD health data and time-series data for Korea. Using the components decomposition method, which measures the contribution of each component of health care expenditure, we estimate that population aging contributes only less than 10 percent.
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spelling pubmed-29545792010-10-14 Aging Risk and Health Care Expenditure in Korea Tchoe, Byongho Nam, Sang-Ho Int J Environ Res Public Health Article This paper analyzes the impact of population aging on health care expenditures in Korea. Examination of the age-expenditure profile reveals that health care resources are allocated more for the older cohort of population over time, suggesting significant growth of health care expenditures due to population aging. We contend, however, that population aging is considered as a parameter rather than an independent variable to explain rising health care expenditures. This paper shows that population aging is not found to be a significant determinant of health care expenditures according to the econometric analysis using OECD health data and time-series data for Korea. Using the components decomposition method, which measures the contribution of each component of health care expenditure, we estimate that population aging contributes only less than 10 percent. Molecular Diversity Preservation International (MDPI) 2010-08 2010-08-20 /pmc/articles/PMC2954579/ /pubmed/20948958 http://dx.doi.org/10.3390/ijerph7083235 Text en © 2010 by the authors; licensee Molecular Diversity Preservation International, Basel, Switzerland. http://creativecommons.org/licenses/by/3.0 This article is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/).
spellingShingle Article
Tchoe, Byongho
Nam, Sang-Ho
Aging Risk and Health Care Expenditure in Korea
title Aging Risk and Health Care Expenditure in Korea
title_full Aging Risk and Health Care Expenditure in Korea
title_fullStr Aging Risk and Health Care Expenditure in Korea
title_full_unstemmed Aging Risk and Health Care Expenditure in Korea
title_short Aging Risk and Health Care Expenditure in Korea
title_sort aging risk and health care expenditure in korea
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2954579/
https://www.ncbi.nlm.nih.gov/pubmed/20948958
http://dx.doi.org/10.3390/ijerph7083235
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