Description of Equations:
These three equations show mathematically how the future healthcare projections are calculated. The first equation calculates the expected healthcare utilization in a particular state, healthcare delivery setting and year based on population estimates and per capita healthcare utilization patterns that can differ by age, sex, and urban or rural location. The second equation incorporates the impact of trends in the healthcare environment, economic trends, and other factors that affect healthcare utilization patterns. The third equation decribes the calibration adjustments made to the projections to incorporate state by setting fixed effects.