Are Health Care Expenditures and Personal Disposable Income Characterised by Asymmetric Behaviour? Evidence from US State-Level Data.

The article explores the relationship between capita health care expenditure and disposable income series in the U.S. between 1966 and 2009. Topics discussed include the concept of the Triples Test to test the asymmetry between capita health care expenditure and disposable income series, results from the application of the Triples Test on the Center for Medicare and Medicaid Services Health Expenditures, and problems with using linear models for income and health expenditure analysis.