Tag: out-of-pocket costs
Today’s retirees typically spend about a third less on medical care than retirees did back in 2004, according to new research. Workers who are over 55 but not yet eligible for Medicare are spending somewhat less too. Two policies have reversed the trend of years of rising costs: the introduction of Medicare’s Part D prescription…
The Affordable Care Act (ACA) has reduced families’ medical costs significantly. The ACA’s main goal was to provide coverage for the first time to workers who lack employer health insurance. But the expansion of free or subsidized health care to millions of parents with low and modest incomes has improved their financial stability and freed…