care costs are a major issue to both policymakers and individuals. As policy
makers consider reforms to the health care system, it is important to
understand the medical expense risk associated with changes in policy. The
spending of people over age 65 is of special concern given their growing share
of the population and the portion of their health care expenses that are paid
by the government. This article shows total spending is highly concentrated;
individuals in the top 5 percent of the expenditure distribution constitute
nearly 35% of all medical spending. It also shows medical spending varied based
on income. Individuals with lower incomes consumed more medical resources than
those with higher incomes. However, higher income individuals have longer life
expectancies offsetting the lower annual expenditures.
Read Full Article »
About Altus Wealth
Altus Wealth Management, based in Ft. Mitchell, Kentucky is a wealth management firm
providing investment management and financial planning services. Each partner
serving client accounts is a CERTIFIED FINANCIAL PLANNER. Altus serves clients nationwide with a focus on serving clients in the Cincinnati, Northern
Kentucky and Indiana area.
Medical Expenses for Those Over Age 65
The 2009 Recovery Act: Did it improve the Nation’s Highways and Bridges?
Evaluating the current P/E ratio of U.S. Equities