“Older Americans worried about insurance coverage, health costs as they approach retirement,” by Rose Meltzer, Fierce Healthcare
“A sizable percentage of Americans between the ages of 50 and 64 are worried about their healthcare coverage as they head toward retirement, according to a new poll from the University of Michigan. Although some of these concerns include things people can’t directly control, such as policy changes, many are focused on maintaining current coverage provided through an employer while reducing personal healthcare expenses. … About a quarter (27%) of respondents fear they won’t be able to afford their insurance over the next year, and nearly half (45%) expressed little to no confidence in being able to afford their insurance when they retire.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
How ironic that people are worried about paying for their private insurance, which will be there when they need it, but have no worries about the government entitlement programs that appropriated the income and savings they could have used to fund their private insurance and which will likely collapse in the next major economic downturn … a downturn that may already be underway.