Out-of-pocket spending in the last year of life
From "The Risk of Out-of-Pocket Health Care Expenditure at End of Life," by Samuel Marshall, Kathleen M. McGarry, and Jonathan S. Skinner:
Spending in the last year of life is estimated to be $11,618 on average, with the 90th percentile equal to $29,335, the 95th percentile $49,907, and the 99th equal to $94,310. These spending measures represent a substantial fraction of liquid wealth for decedents. Total out-of-pocket expenditures are strongly positively related to wealth and weakly related to income.
July 14, 2010; 9:04 AM ET
Categories: Health Economics
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