Forbes October 15, 2021
By Richard Eisenberg, Next Avenue Editor
Some people think high health care costs aren’t a problem for Americans 65 and older because Medicare pays all their medical expenses. But a new eye-opening report from The Commonwealth Fund, a nonprofit health care think tank, shows just how wrong that presumption is.
In reality, Americans 65 and older were more likely to postpone or forgo health care in the past year because of cost than people their age in 10 other high-income countries, according to The Commonwealth Fund’s survey.
What’s more, the survey of 18,477 adults found, 20% of Americans 65+ had out-of-pocket health costs exceeding $2,000 last year. That’s higher than in nine of the 10 countries (the outlier: Switzerland, at 34%). In France,...