Yahoo Finance October 15, 2021
Medicare doesn’t cover everything. In fact, data from The Commonwealth Fund, a nonprofit healthcare think tank, shows that Americans 65 and older were more likely to put off or go without healthcare within the past year because of cost, reported Next Avenue.
The report also found that out of 18,477 adults surveyed, 20% of Americans age 65 and older had out-of-pocket health costs over $2,000 — about 7% of their income — last year.
“Americans sixty-five and older often simply can’t afford the care and they don’t get the care that they can’t afford,” Gretchen Jacobson, The Commonwealth Fund’s vice president, Medicare, explained to Next Avenue.
Jacobson also noted that the average Medicare recipient only makes about $30,000...
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