Posted on May 23, 2011 18:02
Categories: Medicare
Topics: Medicare | Spending
On
April 4, the Kaiser Family Foundation released a brief that explores Medicare
beneficiaries’ household health care spending as a proportion of their total
spending. The authors foundthat 15 percent of beneficiaries' total spending went to health-related
expenses in 2009, a significantly higher proportion than in non-Medicare
households.
From the report:
The Medicare program offers health and financial protection to 48 million seniors and younger people with disabilities. However, the high cost of premiums, cost-sharing requirements, and gaps in the Medicare benefit package can result in beneficiaries spending a substantial share of their household budgets on health care. This brief compares the financial
burden of average out-of-pocket health expenses as a share of total household expenditures for Medicare and non- Medicare households, based on analysis of the Consumer Expenditure Survey. It assesses how much Medicare households are spending on health-related expenses compared to other spending priorities, the extent to which health spending as a share of household budgets varies by age and poverty level, and changes in health spending over time.
Full report: Health Care on a Budget: The Financial Burden of Health Spending by Medicare Households (PDF | 657.96KB)
Kaiser Family Foundation. (2011). The financial burden of health spending by Medicare households.
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