We investigate the impact of health expenditure on health outcomes on a large sample of Europeans aged above 50 using individual and regional level data. We find a negative and significant effect of lagged health expenditure on subsequent changes in the number of chronic diseases. This effect varies according to age, health behavior, gender, income, and education. Our empirical findings are confirmed also when health expenditure is instrumented with parliament political composition.
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Health expenditure, Health outcome, Public health costs, Age Factors, Aged, Aged, 80 and over, Chronic Disease, Educational Status, Europe, Female, Health Behavior, Health Expenditures, Humans, Incidence, Income, Male, Middle Aged