Abstract
Abstract In this review, we document end-of-life medical spending: its level, composition, funding, and contribution to aggregate medical spending, both for the United States and abroad. We discuss how end-of-life expenses affect household savings and other financial behavior such as insurance choices. Lastly, we review economic evidence on the efficacy of medical spending at the end of life, assessing the value of palliative and other care for both longevity and patient satisfaction.
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