Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jhealeco.2005.01.005
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dc.titleMedical savings accounts in Singapore: How much is adequate?
dc.contributor.authorChia, N.-C.
dc.contributor.authorTsui, A.K.C.
dc.date.accessioned2011-02-24T06:55:48Z
dc.date.available2011-02-24T06:55:48Z
dc.date.issued2005
dc.identifier.citationChia, N.-C., Tsui, A.K.C. (2005). Medical savings accounts in Singapore: How much is adequate?. Journal of Health Economics 24 (5) : 855-875. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jhealeco.2005.01.005
dc.identifier.issn01676296
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/20030
dc.description.abstractWhile many studies have examined the cost-containment aspect of medical savings accounts (MSA), few have investigated the adequacy of MSA to finance the health care expenditure. This paper estimates the present value of lifetime healthcare expenses (PVHE) of the Singaporean male and female elderly upon retirement at age 62. The estimation involves calibrating the stream of future healthcare expenditure; stochastic forecasting of cohort survival probabilities; discounting the projected lifetime healthcare expenditure. Estimated values of the PVHE under various scenarios are used to assess the adequacy of the government-decreed minimum saving to be maintained in the MSA.©2005 Elsevier B.V. All rights reserved.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jhealeco.2005.01.005
dc.sourceScopus
dc.subjectCohort survival probabilities
dc.subjectMedical savings accounts
dc.subjectPresent value of lifetime healthcare expense
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jhealeco.2005.01.005
dc.description.sourcetitleJournal of Health Economics
dc.description.volume24
dc.description.issue5
dc.description.page855-875
dc.description.codenJHECD
dc.identifier.isiut000231990700002
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