The Economic Consequences of Hospital Admissions
Carlos Dobkin, Amy Finkelstein, Raymond Kluender, Matthew J. Notowidigdo
NBER Working Paper No. 22288
Issued in May 2016, Revised in August 2016
NBER Program(s):Health Care, Public Economics
This study points out the huge loss of income resulting from hospitilization, which is not covered by insurance
Analysis is primarily on 2700 adults aged 50-59 for all types of hospitalizations
Note: It does not seem to consider those who died in the hospital
Vitamin D can sometimes
- Prevent the hospitalization
- Reduce the stay in the hospital (and thus the deductables and co-pays)
- Improve the outcome ==> less likely to lose job
See also VitaminDWiki
- An ounce of prevention is worth a pound of cure (might Vitamin D be worth several pounds)
- Improve your health BEFORE surgery (prehabilitation) helps your recovery - 2018
- Trauma with fracture – 2 weeks longer hospital stay if less than 10 ng vitamin D – Jan 2018
Cost savings with Vitamin D includes the following
- Vitamin D has been found to be cost-effective by many studies
- Diabetes prevented by 50,000 IU vitamin D monthly (Iran) – Jan 2022
- Giving free vitamin D to every Iranian would pay for itself by just reducing CVD – Oct 2021
- Medical problems are thought to be a cause of 66 percent of bankruptcies – April 2019
- Vitamin D is the 3rd most important contributor to health, following exercise and food
- 10 fewer days of ICU Mechanical Ventilation 300,000 IU injection of vitamin D – RCT March 2019
- Employers should give night shift workers free vitamin D – GMB Union June 2019
- Biology of Vitamin D – 30ng min., 50ng preferred, 1000X lower cost than health problem – Feb 2019
- Heart attack ICU costs cut in half by Vitamin D – Oct 2018
- ICU cost reduced by at least 27,000 dollars if get high dose vitamin D in first week - April 2017
- Cost of US health exceeds the cost of food
- Curing patients is not a sustainable business model – Goldman Sachs – April 2018
- Medical insurance does not compensate for job loss by older workers who are hospitalized – Sept 2016
- If you cannot readily get medical treatment, consider Alternative Med such as vitamin D
Age 50-59
We examine some economic impacts of hospital admissions using an event study approach in two datasets: survey data from the Health and Retirement Study, and hospital admissions data linked to consumer credit reports. We report estimates of the impact of hospital admissions on out-of-pocket medical spending, unpaid medical bills, bankruptcy, earnings, income (and its components), access to credit, and consumer borrowing. The results point to three primary conclusions: non-elderly adults with health insurance still face considerable exposure to uninsured earnings risk; a large share of the incremental risk exposure for uninsured non-elderly adults is borne by third parties who absorb their unpaid medical bills; the elderly face very little economic risk from adverse health shocks.
Download the PDF from VitaminDWiki
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