Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/173962 
Year of Publication: 
2017
Series/Report no.: 
IFS Working Papers No. W17/04
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
Medicaid is a government program that also provides health insurance to the old who have little assets and either low income or catastrophic health care expenses. We ask how the Medicaid rules map into the reality of Medicaid recipiency and what other observable characteristics are important to determine who ends up on Medicaid. The data show that both singles and couples with high retirement income can end up on Medicaid at very advanced ages. We find that, conditioning on a large number of observable characteristics, including those that directly relate to Medicaid eligibility criteria, single women are more likely to end up on Medicaid. So are non-whites, but, surprisingly, their higher recipiency is concentrated in the higher income percentiles. We also find that low-income people with a high school diploma or higher are much less likely to end up on Medicaid than their less educated counterparts. All of these effects are large and depend on retirement income in a very non-linear way.
Subjects: 
Medicaid
elderly
permanent income
JEL: 
H51
I13
I14
Document Type: 
Working Paper

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