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Lack of Affordability Tops Older Americans’ List of Health Care Worries - KFF Health News

July 9, 2024
KFF Health News
Summary
Older Americans are increasingly worried about the cost of healthcare, with over half of respondents in a University of Michigan survey voicing concerns about medical care, long-term care, and prescription drugs. Financial anxiety is widespread, as one in three seniors struggle with healthcare expenses, leading some to forgo necessary treatments. Rising living costs and limited coverage under traditional Medicare exacerbate the issue, particularly for dental and vision services. Though assistance exists through programs like Medicare Savings and the Inflation Reduction Act, many seniors remain unaware or pridefully hesitant to seek help, compounding their financial strain in a growing aging population.
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