Cutler, David M.; Meara, Ellen - National Bureau of Economic Research (NBER) - 1997
In this paper, we examine the growth in medical care spending by age over the past 40 years. We show that between 1953 and 1987, medical spending increased disproportionately for infants, those under 1 year, and the elderly, those 65 and older. Annual spending growth for infants was 9.8 percent...