Testing Hypotheses at the basis of medium-long term Projections of Health Care Expenditure

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Testing Hypotheses at the basis of medium-long term Projections of Health Care Expenditure - The case of Italy

The same methodology Oecd and Ecofin apply to project future trends of health care expenditue is here applied to reconstruct backwards Italian health care expenditure. The time horizon is 1988-2012. Results are described and argued. Important evidence emerges on the historical value of the elasticity of per-capita expenditure to per-capita Gdp. This value, of course, brings also some information on what this elasticity can prove in the future. It is the first test developed on past trends using profiles of per-capita expenditure per age brackets, and applied to Italy.

nicola c. salerno (5th of October 2013)

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Nicola Carmine Salerno, Independent Economist | Attorney Advertising

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