Fierce Healthcare March 15, 2024
Medicare households are spending far more on healthcare than other households, according to a new KFF analysis.
Researchers analyzed data from the 2022 Consumer Expenditure Survey, tracking spending trends between 2013 and 2022. At the end of that window, health-related expenses in Medicare households averaged $7,000, or 13.6% of total household spending.
By comparison, non-Medicare households spent on average 6.5% of their total on health-related expenditures, or $4,900.
Healthcare expenses included insurance premiums, medical services, prescription drugs and medical supplies like crutches, hearing aids and eyeglasses.
“With health care use increasing with age and with most Medicare beneficiaries living on relatively low incomes and modest financial assets to draw upon in retirement, it’s not unexpected that health care is a...
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