Table 2.
Per Capita Lifetime Fiscal Effects of European Health Scenario for Cohort in 2004
Expenditure Category | Status Quo |
European Scenario |
Difference |
---|---|---|---|
Government Revenues | |||
Federal Tax | 46,289 | 47,637 | 1,348 |
State Tax | 16,035 | 16,535 | 500 |
Social security payroll taxes | 16,566 | 17,031 | 465 |
Medicare payroll taxes | 4,020 | 4,132 | 112 |
Total | 82,910 | 85,335 | 2,425 |
Government Expenditures | |||
Old Age and Survivors Insurance benefits (OASI) | 138,123 | 144,716 | 6,593 |
Supplementary Security Income (SSI) | 3,454 | 3,471 | 17 |
Disability Insurance benefits (DI) | 6,356 | 5,673 | −683 |
Medicare costs | 73,391 | 68,674 | −4,717 |
Medicaid costs | 21,745 | 18,058 | −3,687 |
Total | 243,069 | 240,592 | −2,477 |
Net Fiscal Effect | 4,902 | ||
Total Health Care Expenditures | 210,993 | 193,202 | −17,791 |
Source: authors' calculations using the microsimulation model. Amounts reported in $2004 USD. Present discounted values computed using a real discount rate of 3%. Total Health Care Expenditures include private health insurance and other expenditures not covered by Medicare and Medicaid.