As Congress spends the next week and a half, if everything goes well, wrestling over how they can screw up healthcare in America even more, perhaps they should take notice of a new study from HealthView Services which highlights the fact that the real source of the healthcare crisis in this country is rising costs.
As Bloomberg notes, healthcare cost inflation is expected eclipse overall inflation and Social Security COLAs over the next decade.
U. S. retiree health-care costs are likely to increase at an average annual rate of 5.5 percent over the next decade. That’s nearly triple the 1.9 percent average annual inflation rate in the U. S. from 2012 to 2016 and more than double the projected cost-of-living adjustment (COLA) on Social Security benefits. The premiums on supplemental insurance, also known as Medigap, that many people buy to cover costs that Medicare doesn’t, such as co-payments; on Medicare Part B, which covers payments for doctors, tests, and other medical services; and on Part D, prescription drug coverage. Here’s how your Social Security benefits are likely to stack up against some of those costs.
This post was published at Zero Hedge on Jun 23, 2017.
Follow on Twitter
Recent Comments