Medical Expenditure Differences in Older Adults in Korea
Author Information
Author(s): Lim Yejin, Cho Youngtae, Ha Jung-Hwa, Ko Woorim
Primary Institution: Seoul National University
Hypothesis
How do medical expenditures differ between baby boomers and their predecessors in South Korea?
Conclusion
The study found that baby boomers have lower annual medical expenditures compared to the industrial generation, likely due to decreased use of outpatient services.
Supporting Evidence
- The analysis revealed a declining trend in annual medical expenditure from the industrial generation to the boomers.
- Boomers showed a significantly lower incidence of major non-communicable diseases compared to the industrial generation.
- The findings suggest that differences in total medical expenditure could be due to decreased use of outpatient services by boomers.
Takeaway
This study shows that older adults born in the baby boomer generation spend less on healthcare than those born earlier because they visit doctors less often.
Methodology
APC analysis on annual individual medical expenditure using Korea Health Panel Survey data.
Participant Demographics
Participants included individuals from the industrial generation (born 1945-1954) and baby boomers (born 1955-1964) in South Korea.
Digital Object Identifier (DOI)
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