tci Medicare Compliance & Reimbursement - 2006 Issue 6

MEDICARE: Baby Boomers Buckle Under Crippling Health Care Costs

Without help, older adults may face further financial hardship after retirement.Industry experts fear that the current health care system might not support the millions of baby boomers who will soon reach retirement age--but many older adults who are not yet eligible for Medicare are already facing health care hardships, a recent survey reveals.Rising out-of-pocket health care costs and sluggish wage growth threatens older adults' ability to save for retirement, the Commonwealth Fund study shows. Two out of three older adults say they're already worried they might not be able to afford necessary medical care in the future...

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