2016
DOI: 10.1111/1759-3441.12156
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The Evolution of Out‐of‐Hospital Medical Costs to and through Retirement

Abstract: This paper shows how cost of out-of-hospital medical services and prescription drugs change as Australians enter and live through retirement. We use a sample of over 65,000 retired individuals aged 45 and over and extract their Medicare claims for period 2005-2014. Analysing the expenditure distribution for up to eight years after retirement, the result shows that expenditure on medical services continues to increase whilst pharmaceutical expenditure declines for most retirees. Partially retired individuals… Show more

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“…Ex-workers in poor health are less likely to participate in society through voluntary work and informal care [ 48 , 49 ]. In addition, poorer post-retirement health leads to greater health care expenditures [ 50 , 51 ]. Post-exit health may be improved by improving the working conditions of workers at older ages, by an adapted statutory retirement age for workers with unfavourable working conditions, and by flexible retirement schemes [ 52 , 53 ].…”
Section: Discussionmentioning
confidence: 99%
“…Ex-workers in poor health are less likely to participate in society through voluntary work and informal care [ 48 , 49 ]. In addition, poorer post-retirement health leads to greater health care expenditures [ 50 , 51 ]. Post-exit health may be improved by improving the working conditions of workers at older ages, by an adapted statutory retirement age for workers with unfavourable working conditions, and by flexible retirement schemes [ 52 , 53 ].…”
Section: Discussionmentioning
confidence: 99%