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The Fiscal Implications of Demographic Change in the Health Sector

Working Paper Series
 February 
9,
 2016
The Fiscal Implications of Demographic Change in the Health Sector

The fiscal impact of predicted changes in the size and age structure of the Irish population represents a major challenge for policymakers. This paper estimates the costs, in real terms, attributable to demographic changes over the next two decades, on the public health system. A more holistic model is also presented, incorporating demographic, income and residual growth factors. The model produces forecasts of public current health expenditure in real euro terms and as a proportion of GDP in 2035. The paper emphasises the need for greater investment in the future to accommodate the healthcare needs of a changing population.

Authors
Paul Goldrick-Kelly
Taxes and the Welfare State

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