AGE, HEALTH AND MEDICAL EXPENDITURE
DOI link for AGE, HEALTH AND MEDICAL EXPENDITURE
AGE, HEALTH AND MEDICAL EXPENDITURE book
Ageing poses problems for health economists. It affects everybody and has important consequences for health, yet it remains poorly understood and apparently beyond human control. Somehow, it manages to be both an obvious fact of life in its physical manifestations and an almost complete mystery in its underlying causality. The huge gap in our knowledge is perplexing for anyone hoping to organize efficient health care and promote human welfare. Under the circumstances, policy analysts will be tempted to abstract from ageing and regard it as outside the domain of health economics. Such abstractions are unwise, since ageing is intertwined with health and broaches fundamental questions about how health care fits into the wider social context.