Tag: out-of-pocket spending
![Images of growing stacking coins and Hand putting coin into glas](https://crr.bc.edu/wp-content/uploads/2022/12/Money-stacked-1536x1024.jpeg)
The pandemic has dramatized the grim consequences of Black and Latino Americans having less access to healthcare than whites: disproportionately high death rates from COVID-19. But there has been some progress toward racial equity in an unlikely place: Medicare Advantage plans sold by insurance companies. Enrollment in the plans has increased unabated for years, and…
![Pharmacist attending to a customer](https://crr.bc.edu/wp-content/uploads/2022/02/pharmacy-art.png)
Paying off the mortgage frees up a lot of money for other things. The homeowners in one study splurged on big-ticket items. Older homeowners, however, are adding another priority: medications. After a mortgage payoff, workers and retirees ages 50 to 64 spent 50 percent more on prescription drugs in a comparison with households who had…