The Utility of Extended Longitudinal Profiles in Predicting Future Health Care Expenditures
Medical Care2006Vol. 44(5), pp. 45–53
Citations Over TimeTop 10% of 2006 papers
Abstract
Our results highlight the continuing concentration of health care expenditures during the period 1996 to 2002 and reveal some attenuation in magnitude in the tail of this distribution over time. Further, our results provide evidence of the utility of probabilistic models as prediction tools to identify individuals likely to incur high levels of expenditures in future years. Predictive capacity does not suffer when restricted to a single year of prior information.
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