Hospitalization insurance for OASDI beneficiaries : report submitted to the Committee on Ways and Means by the Secretary of Health, Education, and Welfare in compliance with House Report 2288, 85th Congress.

  • United States Department of Health, Education, and Welfare
Date:
1959
Catalogue details

Licence: Public Domain Mark

Credit: Hospitalization insurance for OASDI beneficiaries : report submitted to the Committee on Ways and Means by the Secretary of Health, Education, and Welfare in compliance with House Report 2288, 85th Congress. Source: Wellcome Collection.

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    SOE of estimated 1960 costs of alternative programs* (excluswe of costs of administration) - Costs Number of Type of program persons pro- tected (in Millions of Percent of millions) dollars taxable payroll OASDI program: Hospital service benefits, 60 days: AIL OAS DE beneficiary groupses- 2) eee eee a8 16.2 895. 4 0. 427 Aged eligible persons (women 62-++, men 65-++) 2_______- 1352 826.3 . 395 Limited skilled nursing home benefit (aged and disabled) - 13.6 14.0 . 007 General nursing home benefit (aged and disabled) -__---_- 13.6 363-885 2-4 Subsidy to private carriers: Part of premium to offset excess hospital costs of aged: If three-fourths of all aged 65 or over participate__-__--- 11.8 520) | Se If one-half of all aged 65 or over participate_________._- 7.8 300 See ee ee Part of premium for low income aged not on public assist- ance: All with incomes of less than $2,000___.______--______-- 10. 0 BQO, is eases eee Three-fourths of those with incomes of less than $2,000_ ext, 300 neater eae Federal assistance to medically indigent: Hospital care for persons aged 65 and over: Winifornme Redéeralestamd arc Seer eee ae emer 11.6 OQ) Se oe Federal-State program, State standards__________--_-_- 2.5 200-2703 2225-22 Nursing home care for persons aged 65 and over: Uniform MOCeral Stand ard Soe sew eee eens ene one ee opener ee 11.6 320-520 tases eee 1 For basis of estimates see ch. V and VI. 2 For comparison with programs relating only to persons aged 65 and over, the OASDI eligibles aged 65 and over number 11.6 million and hospital benefit costs for this group would be $762.8 million. Estimated long-range costs of hospital service benefits for persons eligible for OASDI, as a percent of taxable payroll (low cost and high cost assumptions for hospital cost factors, intermediate cost assumptions for all other factors) for benefits up to 60 days in a year, by beneficiary type, selected years 1965—- 2050 * Hospitalization up to 60 days in a year Year All bene- Mothers Disabled ficiary Aged 2 and workers types children 3 | and their dependents Low cost hospital factors LOG Sue Pee ses eC. eye Be Pe SR ee ee et Ea ee ee 0. 42 0. 38 0. 01 0. 02 OA ef Oe Meat OA Mer cag ge Sieh ENE Aa el eee e a A s . 46 . 42 01 03 110] D cere eee eee ee ee a nt Oh eee ek eae wenn eee . 49 . 45 01 03 LS SO eee eee rc teat Sea eeet ne erie ere ae ate ee eee . 53 49 01 03 ‘1090 eeeweeere Seen ent OS a ee ee ee See St . 59 55 01 03 2000 see See See ea Pee eee eee eee ee Ou . 54 Ol 03 VAN AD eric Ds Ii eg tens AER ON Ne GS Ras cate GS, IM te el Ley Ae 68 Os 01 03 DANS Diecast Balad stb Sais eb tan take Eek ties de SIS at Dipl ies 2 el A a 83 . 78 01 03 HUG Viel PLCTHMUM COS beens sae eee ae eee eee roe 58 . 54 01 03 High cost hospital factors 19G5 Soe rae Eee re oo ee Ret eee er Se Se 0. 53 0. 48 0. 02 0. 03 TO (0 ee Se Se ar Te sere ee, Dans See yee Oreos ee Bee ae ee ete 58 Soo 02 03 SRS fds) ya eee Ri OR ee Uren Ses ea 9 ois SE ALTE) ares eats ee 62 57 02 03 LOMO ete es Rea s ee Pee eRe Re eee ere ce ee een nome es ee 67 . 62 02 03 GO () ee eet le oak en Ce eee an Ee a oea erie . 74 . 70 01 03 2 (0 () meee een eae tee Se LER re eer eee ee UU meade aN Je . 69 01 03 2) 2) ee ee ene eta Ecler een . 87 shes: 01 04 PLOTS Oe Faecal che taht hail aad ep RM Se fae Rimage ee Ree ng RD, sper yeild 1. 05 1.01 . 01 . 04 POVEL PRCT MAC OST he eae ee ee te ey a re a . 69 . 01 . 03 1 Excludes administrative costs. ‘Taxable earnings limit of $4,800 a year. Tor assumptions as to hospital cost factors see ch. v. 2 Includes women aged 62-64. 3 Survivor children and their mothers and children of retired workers and their mothers under age 62, including disabled children aged 18 and over whose disability began before age 18. 4 At 3 percent interest.