When Social Security benefits were first paid in 1940, 46 percent of adult males couldn’t even make it to 65, and for those who did, the average additional life expectancy was less than 13 years. For a typical 65-year-old couple today, at least one partner, on average, will likely make it to 90 or beyond
For a typical 65-year-old couple, Social Security and Medicare benefits, adjusted for inflation, are worth over $1.1 million today, compared with $330,000 in 1960.
Category: Medicare
Commonwealth Fund: Medical Care is Expensive and Many People Find it Unaffordable
The Commonwealth Fund (a proponent of Big Government health care) released its 2023 health care survey that found about half of Americans have problems affording health care.
Given the necessity of insurance to defray the full cost of health care in the United States, it shouldn’t come as a surprise that the vast majority of people who had spent some time uninsured during the year would report difficulty affording their health care costs. More surprising is the large share of adults who had insurance all year but still report difficulty paying health care expenses.
Wednesday Links
- The Obamacare-created Center for Medicare and Medicaid Innovation (CMMI) was expected to save $2.8 billion in its first decade. In fact, it increased spending by $5.4 billion.
- Health risks of marijuana.
- Walmart offers telehealth for pets. Amazon may be next.
- Are we paying people not to work?
- One in 10 cancer patients have seen their treatment affected by drug shortages. Of those, 68% had trouble finding substitute medications and 59% reported treatment delay.
Monday Links
- There are about 36 million Health Savings Accounts holding $104 billion.
- What the elites don’t understand about obesity.
- Built-in programming for your self-driving car: Should it risk injury to you to avoid hitting a pedestrian? Or the other way around? (WSJ)
- The case for kicking ineligible people off the Medicaid rolls. (DMN)
- It may not be the onset of Alzheimer’s: memory lapses are normal.
- The ACCESS Act would allow roughly 5 million lower-income individuals to redirect their cost sharing subsidy (which now goes to insurance companies) into Health Savings Accounts (which they would own and control). Dean Clancy comments.