Study: Medicare beneficiaries' financial burden

By ASN Staff

In a new January 2018 report by The Henry J. Kaiser Family Foundation, it was found that the “average out-of-pocket heath care spending as a share of average per capita Social Security income for Medicare beneficiaries is projected to rise from 41% in 2013 to 50% in 2030.

The share increased with are and was higher for women than men, especially among people ages 85 and over.

36 percent of beneficiaries in traditional Medicare, and half of those with incomes below $20,000 spent at least 20 percent of their per capita total income on out-of-pocket health care costs in 2013. By 2030, 42 percent of traditional Medicare beneficiaries are projected to spend at least 20 percent of their total income on health-related out-of-pocket costs”.

Please read the summary and full report on KFF.org.  

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In a new January 2018 report by The Henry J. Kaiser Family Foundation, it was found that the “average out-of-pocket heath care spending as a share of average per capita Social Security income for Medicare beneficiaries is projected to rise from 41% in 2013 to 50% in 2030.

The share increased with are and was higher for women than men, especially among people ages 85 and over.

36 percent of beneficiaries in traditional Medicare, and half of those with incomes below $20,000 spent at least 20 percent of their per capita total income on out-of-pocket health care costs in 2013. By 2030, 42 percent of traditional Medicare beneficiaries are projected to spend at least 20 percent of their total income on health-related out-of-pocket costs”.

Please read the summary and full report on KFF.org.  

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Monday, January 29, 2018