Tag: senior healthcare
Most people think of Medicare – not Medicaid – when considering government health care for older Americans. However, Medicaid, the program that covers the medical expenses of the poor, spends over $132 billion a year – 20 percent of its budget – on individuals ages 65 and over. Elderly beneficiaries include both those with low…
Social insurance can’t work with participation on a voluntary basis. Providing long-term care is one of the biggest challenges facing an aging society. According to our calculations, about one-quarter of retirees are likely to experience the type of severe long-term care needs that most people dread (high-intensity care for more than three years) and over…
