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Aged individuals in better health had an extended life expectancy than these in poorer well being however had similar cumulative health care expenditures till demise. An individual with no practical limitation at 70 years of age had a life expectancy of 14.three years and expected cumulative well being care expenditures of about 136,000 dollars (in 1998 dollars); a person with a limitation in a minimum of one activity of daily dwelling had a life expectancy of 11.6 years and expected cumulative expenditures of about a hundred forty five,000 dollars. Expenditures different little in accordance with self-reported health on the age of 70. Persons who have been institutionalized at the age of 70 had cumulative expenditures that were a lot higher than those for persons who weren’t institutionalized.
Elderly individuals in better health had an extended life expectancy than these in poorer well being but had related cumulative well being care expenditures till demise. A person with no purposeful limitation at 70 years of age had a life expectancy of 14.3 years and expected cumulative health care expenditures of about $136,000 (in 1998 dollars); a person with a limitation in not less than one activity of day by day living had a life expectancy of 11.6 years and expected cumulative expenditures of about $one hundred forty five,000. Expenditures varied little in keeping with self-reported health at the age of 70. Individuals who have been institutionalized on the age of 70 had cumulative expenditures that have been a lot larger than these for individuals who were not institutionalized.
Our study exhibits clearly that for the aged, better health results in longer life however not in larger health care expenditures. In fact, there could also be well being care prices before the age of 70 years that enable individuals to succeed in outdated age in good health and in a superb purposeful state. Extra analysis is required to understand these components.