Tag: Medicare

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Medicare Part D, passed in 2003, has significantly reduced seniors’ spending on prescription drugs. But the coverage hasn’t protected Leslie Ross from near calamity. The 72-year-old diabetic needs insulin to stay alive. The prices of these drugs have skyrocketed, forcing her to supplement her long-lasting insulin, Lantus, with more frequent use of a less-expensive insulin…

Burned U.S. dollar bills

My colleagues just published a review of recent research on the impact of three risks that households face at older ages.  These late-life risks include: 1) high out-of-pocket medical costs; 2) cognitive decline; and 3) widowhood.  The takeaway from the research is that, so far, these risks have affected only a few households severely.  In…