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Federal Reserve Bank of Richmond
Working Paper
End-of-Life Medical Expenses
Eric French
John Bailey Jones
Elaine Kelly
Jeremy McCauley

In this review, we document end-of-life medical spending: its level, composition, funding, and contribution to aggregate medical spending. We discuss how end-of-life expenses affect household behavior and economic evidence on the efficacy of medical spending at the end of life. Finally, we document recent trends in health and chronic disease at older ages and discuss what they might imply for end-of-life spending and medical spending in the aggregate.

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Eric French & John Bailey Jones & Elaine Kelly & Jeremy McCauley, End-of-Life Medical Expenses, Federal Reserve Bank of Richmond, Working Paper 18-18, 04 Dec 2018.
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Keywords: medical spending; household behavior
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