7 years ago
One fourth of Medicare recipients spend 20 percent of income on medical costs
For many older Americans, Medicare can be a lifeline. But a new study finds that more than one fourth of Medicare recipients still spend a significant portion of their income on health care. The study by The Commonwealth Fund found that 27 percent of Medicaid recipients pay 20 percent or more of their income on medical costs, including monthly premiums. On average, recipients spend $3,024 on medical costs every year.
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