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- Patricia Neuman, Juliette Cubanski, Katherine A Desmond, and Thomas H Rice.
- Medicare Policy Project, Henry J. Kaiser Family Foundation, Washington, DC, USA.
- Health Aff (Millwood). 2007 Nov 1; 26 (6): 1692-701.
AbstractRising health costs and an aging population present critical policy challenges. This paper examines the financial burden of out-of-pocket health spending among Medicare beneficiaries between 1997 and 2003. Over this period, median out-of-pocket spending as a share of income increased from 11.9 percent to 15.5 percent. In 2003, the 25 percent of beneficiaries with the largest burden spent at least 29.9 percent of their income on health care, while 39.9 percent spent more than a fifth of their income on health care. Results suggest that sustained increases in out-of-pocket spending could make health care less affordable for all but the highest-income beneficiaries.
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