Table 1.
Current Eligibility | Expanded Eligibility | |||||
---|---|---|---|---|---|---|
Baseline | Intervention | Effect | Baseline | Intervention | Effect | |
Disability free life expectancy | 19.92 | 22.83 | 2.91 | 20.91 | 22.66 | 1.75 |
Life expectancy | 28.80 | 30.35 | 1.55 | 28.79 | 29.87 | 1.08 |
Medical costs ($2010) | ||||||
Medicare | 136 737 | 133 489 | −3 247 | 130 115 | 126 236 | −3 879 |
Medicaid | 54 749 | 54 474 | −276 | 50 276 | 49 950 | −326 |
Private Medical Cost | 162 749 | 161 623 | −1 126 | 157 815 | 156 058 | −1 756 |
Total | 354 234 | 349 585 | −4 649 | 338 205 | 332 244 | −5 961 |
Other fiscal outcomes ($2010) | ||||||
Tax Revenue | 82 585 | 84 451 | 1 866 | 81 255 | 82 319 | 1 065 |
SSI, DI, OASI | 135 931 | 143 381 | 7 450 | 126 074 | 130 960 | 4 886 |
Earnings | 239 436 | 243 544 | 4 107 | 237 469 | 239 797 | 2 327 |
Notes: averages from 1000 simulations of the projection for a cohort entering at age 50 in 2010. Real discount rate is 3%. All amounts in $2010 dollars. SSI = Supplemental Security Income, DI = Disability insurance, OASI = old-age social insurance. Private medical costs cover other costs not covered by Medicare and Medicaid (e.g. costs covered by employer). Please refer to text for definition of current and expanded eligibility.