HLTHAGE 2F03 Study Guide - Final Guide: Ageism, Chronic Care, Moral Hazard
15 Dec 2016
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Wave effect, assumption that age pro le will stay constant between 2013 - 2050! increase in spending ~4 % points of gdp ! increase in taxes by ~10% ! Ds is wrong; age pro le of health spending is not constant (age is not determinant of cost) ! Elderly spend more since they are more likely to be in last year of life ! if mortality declines, fewer people of given age will be in last year of life in 2050 compared to now ! Decreasing mortality will bring avg cost per person down in all age categories, even more in older age; age pro le will be atter and at lower level! As result, aging will reduce spending and partially offset effect of boomers becoming old! Increase in public spending in canada by ~1 % point of gdp! Nagi scheme:: disease or pathology: biochemical & physiological abnormalities in organism ex. diabetes!
