TY - CONF T1 - On the Distribution and Dynamics of Medical Expenditure among the Elderly T2 - Retirement and Disability Research Consortium 23rd Annual Meeting Y1 - 2021 A1 - Arapakis, Karolos A1 - Eric French A1 - John Bailey Jones A1 - McCauley, Jeremy KW - dynamics KW - Medicaid KW - Medical spending KW - Medicare AB - Using data from the Health and Retirement Study (HRS), we estimate the stochastic process for total medical spending and its components. By focussing on dynamics, we consider not only the risk of catastrophic expenses in a single year, but also the risk of moderate but persistent expenses that accumulate into a catastrophic lifetime cost. We also assess the reduction in out-of-pocket medical spending risk provided by public insurance schemes such as Medicare or Medicaid. JF - Retirement and Disability Research Consortium 23rd Annual Meeting PB - Center for Financial Security, University of Wisconsin-Madison CY - Virtual Event UR - https://cfsrdrc.wisc.edu/files/2021-RDRC-Meeting-Booklet.pdf#page=7 ER -