Tag: Medicare
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…
Risks appear manageable to most today, but adverse impacts will increase in the future. 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 researc…
