Healthcare Finance News December 9, 2024
Nearly one in four older adults in the U.S. spent at least $2,000 out of pocket on healthcare last year, survey shows.
Although nearly all older Americans have Medicare coverage, they still pay more and are more likely to postpone or skip needed care because of costs than their counterparts in most other wealthy countries, according to new findings from the 2024 Commonwealth Fund International Health Policy Survey of Older Adults.
The findings demonstrate how high out-of-pocket costs – in both traditional fee-for-service Medicare and private Medicare Advantage plans – are making it difficult for many older Americans to afford care.
The Commonwealth Fund conducted the survey in 10 countries – Australia, Canada, France, Germany, the Netherlands, New Zealand, Sweden,...
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