“We have a long-term-care framework ... based on the health and retirement study ... we simulate needing care and use cost assumptions”
The Long View · Spencer Look and Jack VanDerhei: The Assumptions That Can Put Your Retirement at Risk
Play from 38:21
38:21
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What was described
Built a long-term-care simulation framework based on the Health and Retirement Study, adding cost assumptions and Medicaid eligibility to model LTC expenses
Said nearby on the same subject
“We built this on top of a government survey, the Survey of Consumer Finances… we incorporate people's wages, savings, job changes… long-term care… produce a distribution of outcomes on retirement income adequacy.”
“Study leveraged EHRs from two health systems, over 1,400 patients and was believed to be one of the first PMA label expansions based solely on EHR data”